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Get ready to replace your credit card with your face! Mastercard has rolled out a pilot program which brings biometric payments to retail outlets. Mastercard's Biometric Checkout Program would let a shopper scan their face using a retailer’s smartphone app and assign their likeness to a bank card stored on file. So  how does it work, you will need to sign up on Mastercard, you take a picture of your face or scan your fingerprint to register it with an app. This is done either on your smartphone or at a payment terminal. You can then add a credit card, which gets linked to your biometric data.In the long run, Mastercard’s vision is to make the tech “globally interoperable,” Ajay Bhalla, Mastercard’s president of cyber and intelligence said. “So once you’ve stored your credentials, you could use this anywhere.”The program has already gone live in Sao Paulo, Brazil and Mastercard says it plans to roll it out globally later this year.

Biometric payments are here! Mastercard lets you pay with your face

Biometric payments are here! Mastercard will soon let you pay with your face

Users can authenticate a payment by showing their face or the palm of their hand instead of swiping their card.

Get ready to replace your credit card with your face! Mastercard&nbsp;has rolled out a pilot program which brings biometric payments to retail outlets.&nbsp; Mastercard's Biometric Checkout Program would let a shopper scan their face using a retailer&rsquo;s smartphone app and assign their likeness to a bank card stored on file.&nbsp;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/paytm-mall-99-5-valuation-decline-as-key-investors-alibaba-ant-group-exit-1652787134002" target="_blank">Paytm Mall: 99.5% valuation decline as key investors Alibaba, Ant Group exit</a> So&nbsp; how does it work, you will need to sign up on Mastercard, you take a picture of your face or scan your fingerprint to register it with an app. This is done either on your smartphone or at a payment terminal. You can then add a credit card, which gets linked to your biometric data. In the long run, Mastercard&rsquo;s vision is to make the tech &ldquo;globally interoperable&rdquo; Ajay&nbsp;Bhalla,&nbsp;Mastercard&rsquo;s&nbsp;President of Cyber and Business Intelligence&nbsp;said. &ldquo;So once you&rsquo;ve stored your credentials, you could use this anywhere.&rdquo;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/bots-or-bills-what-is-really-giving-musk-second-thoughts-about-twitter-1652856259014">Bots or Bills, what is really giving Musk second thoughts about Twitter</a> The program has already gone live in Sao Paulo, Brazil and&nbsp;Mastercard says it plans to roll it out globally later this year.

Suryoday Small Finance Bank informed its customers on Tuesday that it will shut down its automated teller machines (ATMs).&nbsp;&nbsp;The bank said it will give users the option to use their debit card at ATMs of other banks as the bank will shut down its ATMs from October 1.In a testament of a big move to digital transactions, the small finance bank said that ATM&nbsp;usage had dropped drastically and it was not viable to run the cash vending points. The MD of the bank was quoted as saying&nbsp;"We realised that far too many customers were not using our ATMs, we could not make it a profit centre, hence we decided that we give customers free transactions on other bank ATMs rather than continuing to keep these machines".Suryoday Small Finance Bank has 26 ATMs and 550 branches.

This bank has shutdown its ATMs due to low usage

This bank has shut all it's ATMs

The small finance bank said s not many people were using their ATMs, so it became a viability issue.

Suryoday Small Finance Bank informed its customers on Tuesday that it will shut down its automated teller machines (ATMs).&nbsp;&nbsp;The bank said it will give users the option to use their debit card at ATMs of other banks as the bank will shut down its ATMs from October 1. In a testament of a big move to digital transactions, the small finance bank said that ATM&nbsp;usage had dropped drastically and it was not viable to run the cash vending points. The MD of the bank was quoted as saying&nbsp;"We realised that far too many customers were not using our ATMs, we could not make it a profit centre, hence we decided that we give customers free transactions on other bank ATMs rather than continuing to keep these machines". Suryoday Small Finance Bank has 26 ATMs and 550 branches.

IPO bound&nbsp;Paytm has launched its Field Sales Executive (FSE) program which will see the opening up over 20,000 job&nbsp;opportunities for undergraduates. Reports indicate that the fintech&nbsp;giant is&nbsp;plans to hire 20,000 field sales executives to educate merchants on adopting digital payment modes.&nbsp;Recruited field sales executives would have the opportunity to earn as much as&nbsp;₹35,000 and more in monthly salaries and commissions.

PayTm Job Alert! 20,000 jobs with salaries upto Rs 30,000 as the IPO bound fintech looks to expand

PayTm Job Alert! 20,000 jobs with salaries upto Rs 30,000 as the fintech looks to expand sales

PayTm Jobs Alert! 

Fintech&nbsp;giant Paytm&nbsp;looking to increase footprint ahead of Rs 16,600 cr IPO.&nbsp;

IPO bound&nbsp;Paytm has launched its Field Sales Executive (FSE) program which will see the opening up over 20,000 job&nbsp;opportunities for undergraduates. Reports indicate that the fintech&nbsp;giant is&nbsp;plans to hire 20,000 field sales executives to educate merchants on adopting digital payment modes.&nbsp; Recruited field sales executives would have the opportunity to earn as much as&nbsp;₹35,000 and more in monthly salaries and commissions.

e-RUPI,&nbsp;a person&nbsp;and purpose-specific digital payments system will be launched by PM Modi&nbsp;today. This&nbsp;electronic voucher based digital payment&nbsp;is a cashless and contactless digital payments medium which essentially would work like a gift voucher.&nbsp;This e-RUPI&nbsp;voucher would be redeemable at specific locations and will not require the holder/owner to have any electronic card or even a bank account to execute the payment.&nbsp;Aimed at giving a boost to digital payment for welfare schemes, e-RUPI&nbsp;has been developed by&nbsp;National Payments Corporation of India (NPCI), Department of Financial Services, Ministry of Health and Family Welfare and the National Health Authority.&nbsp;

Meet e-RUPI , PM launches game changer in digital payment for welfare schemes

Meet e-RUPI , PM launches game changer in digital payment for welfare schemes.&nbsp; (Please tag Digital India, Finance Minister, Minister of Health and Family Welfare)

Meet e-RUPI 

e-RUPI is a cashless and contactless digital payments medium, which will be delivered to mobile phones of beneficiaries in form of an SMS-string or a QR code

e-RUPI,&nbsp;a person&nbsp;and purpose-specific digital payments system was launched by PM Modi&nbsp;today. This&nbsp;electronic voucher based digital payment&nbsp;is a cashless and contactless digital payments medium which essentially would work like a gift voucher.&nbsp; Also Read:&nbsp;<a title="India @ 75: e-RUPI, India's giant leap into digital tokens explained" href="https://www.edtr.ai/a1n1">India @ 75: e-RUPI, India's giant leap into digital tokens explained</a> This e-RUPI&nbsp;voucher would be redeemable at specific locations and will not require the holder/owner to have any electronic card or even a bank account to execute the payment.&nbsp; Aimed at giving a boost to digital payment for welfare schemes, e-RUPI&nbsp;has been developed by&nbsp;National Payments Corporation of India (NPCI), Department of Financial Services, Ministry of Health and Family Welfare and the National Health Authority.&nbsp;

digital payment

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