This service uses an online biometric database with the TagPay platform to enable financial services for all Rwandans.
Fingerprint-banking will allow for:• All monetary transactions to be done only with the account owner’s fingerprint without the need of cash or any card;• The fingerprint reader recognizes the identity of a person and connects it to the according bank account;• All shops will be provided with fingerprint readers. At shopping, consumers only need to leave their fingerprint to pay, without entering a code or giving a signature.
The implementation of fingerprint-banking means that every Rwandan who is over 16 years old and has a national-ID could virtually be included in the financial space and connect fingerprint to a virtual bank account.
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