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NPCI is in talks with startups to enable biometric authentication for UPI payments.
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Biometric authentication will replace the current PIN-based system with fingerprint or face ID recognition.
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The move aims to reduce PIN-related frauds and enhance security for UPI transactions.
NPCI to Introduce Biometric Authentication
The National Payments Corporation of India (NPCI) is discussing with startups to introduce biometric authentication for UPI payments. This move aims to enhance security and reduce PIN-related frauds. Currently, UPI uses a personal identification number (PIN) as the second-factor authentication.
Biometric Authentication to Replace PIN
Biometric authentication will allow users to use their fingerprint or face ID to authenticate transactions, replacing the current PIN-based system. This will provide an additional layer of security and convenience for users. The NPCI has not finalized a partner yet and is expected to take more than three months to roll out the new authentication method.
RBI’s Push for Alternative Authentication
The Reserve Bank of India’s (RBI) recent framework on alternative payment authentication has prompted NPCI to accelerate its plans. The RBI prefers behavioral risk patterns and biometrics over other means of authentication. The NPCI’s move to introduce biometric authentication is a step towards reducing frauds and enhancing security for UPI transactions.
