Introducing Biometric Payments for Faster Transactions

In our endeavor to provide faster and secure add funds experience, we have introduced Biometric Payments to add funds in your trading account. Here’s a quick and easy process without the hassle of OTPs, username or password logins.

What is Biometric Payment?

The Biometric Payment method enables users to make quick and convenient payments using biometric authentication methods, such as fingerprints or facial recognition or PayPin. It eliminates traditional authentication methods such as username/customer ID, passwords, PINs or OTPs, etc., providing a seamless and secure alternative way to complete transactions.

How does it work?

  • Simply select the biometric payment option in Add Funds page in Angel One app
    • One-Time Registration: 
    1. Bank Login - The user will have to complete a one-time registration to access the Biometric Payment. Provide the selected bank’s login credentials same as the netbanking credentials. 
    2. Setup Code Entry - After the login and confirmation of payment, the user will get an OTP from the vendor (Minkasu) which needs to be entered in the Angel One app.
    • Provide Biometrics or Create a PayPin: 
    1. The user will then have to create a PayPin. This can be any number which the user wants to set up for payments. Eg. like a UPI Pin OR
    2. Register fingerprint or faceID: The user will have to register either his fingerprint or face ID.

    Once the registration is done, the next time the user clicks on Biometric Payments, he will directly be routed to enter the PayPIN or fingerprint or faceID. On providing these details, the payment will be completed.

    Points to note

  • Only applicable for net banking users.
  • Currently applicable only for AXIS Bank users.
  • Only applicable on Android and iOS applications and not available for web.
  • Use the latest version of Angel One app
  • To try Biometrics Payment, click here

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