INDIA POST PAYMENTS BANK (IPPB)

Current Context: India Post Payments Bank has introduced Aadhaar-based Face Authentication to make banking services easier and faster.

ABOUT INDIA POST PAYMENTS BANK (IPPB)

• Launched In: 2018
• Ministry: Department of Posts, Ministry of Communication
• Ownership: 100% Government of India

New Feature – Face Authentication:

• Developed Under: Unique Identification Authority of India (UIDAI)
• Allows bank transactions through facial recognition
• No need for fingerprints or One-Time Passwords (OTPs)

Promotes inclusive banking and faster services, especially for senior citizens and rural population