JS Bank, in partnership with Paysys Labs is launching a mobile based biometric solution in Pakistan; Instascan. The mobile based, touchless biometric solution has been integrated with JS Bank’s branchless banking mobile application, JCash to biometrically verify customers for over the counter (OTC) transactions. Imran Soomro – Chief Information Officer at JS BANK, Khurram Shaikh – Chief Digital Officer at JS Bank, and Karim Jindani, Chief Executive Officer of Paysys Labs, attended the signing ceremony.
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JCash customers can now avail higher limits of Rs. 50,000 for domestic remittances. Agents can easily verify customers sending or receiving domestic remittances by simply taking a picture of their finger. The Instascan solution extracts the biometric data from the finger and sends it to NADRA for real-time authentication.
Speaking at the launch, Khurram Shaikh said,
“JS Bank is pleased to be the first bank in Pakistan to introduce the mobile-based biometric authentication technology which will cater to our banking customers’ needs by providing a much more convenient way to authenticate themselves and avail our banking services instantly.”
Using the NADRA biometric system, the Instascan solution is certainly a great step from the JS Bank team towards digitization and greater financial inclusion.