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flag Federal Bank introduces biometric system for faster, more secure e-commerce transactions.

flag Federal Bank has launched a new biometric authentication system for e-commerce transactions, partnering with fintech companies M2P and MinkasuPay. flag This system, which complies with RBI's Two-Factor Authentication guidelines, allows customers to use fingerprint or FaceID for secure and quick online purchases, replacing the traditional OTP method. flag The new system aims to enhance security and improve user experience by reducing transaction times to just a few seconds.

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