With the increasing digital payments through UPI, cases of fraud are increasing. In view of the increasing cases, the regulator has made new preparations to curb fraud. For this, work is going on to authenticate UPI transactions with biometrics instead of PIN.
The method of payment through UPI will change
According to a report by Mint, the operator of the retail payment system, National Payment Corporation of India (NPCI) has prepared for a big change to make payments through UPI secure. Biometrics will now be used to authenticate payments through UPI. Biometric options like fingerprint or face authentication are being considered.
NPCI is talking to many companies
According to the report, NPCI is talking to many startup companies to start the facility of biometrics in UPI. Now, most phones are coming with features like fingerprint scanner and face recognition. NPCI plans to make UPI transactions and payments secure by using these features present in smartphones.
These smartphone features will be taken advantage of
For example, users using Android phones will be able to make payments using the finger print sensor. Most Android smartphones come with finger print scanner. Many Android phones are also equipped with the feature of face recognition. Similarly, iPhone users will be able to make UPI payments through Face ID.
Users need UPI PIN now
Now, a PIN is required to make payments through UPI. Users create a 4 or 6 digit PIN, with the help of which the transaction is authenticated. To make transactions through all UPI payment apps including Google Pay, PhonePe and Paytm, that 4 or 6 digit PIN is required for authentication. After the change, fingerprint or face recognition can be used instead of PIN. This will make UPI payment easier and more secure than now.
