Indian mobile e-commerce startup Paytm has said that the use of new biometric technologies will help it attract some 200 million payment bank customers in its first year of operations.Speaking to Bloomberg TV India, Paytm Founder and CEO Vijay Shekhar Sharma says the company's efforts will be boosted by biometric KYC, including links to the coutnry's biometric ID database, Aadhaar.”Paytm Payments Bank should be the India's first and only payments bank where every person's KYC is identified through biometrics.””First of all, we are going to roll out the payments bank in few cities in North-East and Central India, which is our priority space. We have told the RBI in our application. Distribution is the primary key factor. As far as technology and resources are concerned in money terms, we are good on that.Paytm has selected Infosys' Finacle for its core banking system.In April, Finacle has revealed it is partnering with mobile authentication firm Onegini on a mobile banking app incorporating multi-modal biometrics. The solution will enable banks to offer customers an option to select advanced authentication methods, including fingerprint, facial, eye and voice recognition as well as multi-factor authentication for added security as they transact on devices.

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