Government’s Big Decision! UPI Payments Without PIN to Start from October 8, Click to Know More
The Unified Payments Interface (UPI) in India will introduce biometric authentication starting October 8, allowing users to approve transactions using facial recognition or fingerprint scans instead of entering a PIN.
Here are the key details:
Biometric Authentication Launch: From October 8, the National Payments Corporation of India (NPCI) will enable UPI users to authenticate payments via face or fingerprint scans, replacing the traditional PIN method. This feature will be showcased at the Global Fintech Festival in Mumbai.
Use of Aadhaar Biometric Data: The new system will utilize Aadhaar’s stored biometric data—fingerprints and facial recognition—to verify transactions, making the process quicker and maintaining strong security.
RBI’s Supportive Framework: The rollout follows updated Reserve Bank of India (RBI) guidelines permitting alternative authentication methods beyond PINs, encouraging technological innovation in digital payments.
Enhanced Security and Inclusion:
Experts highlight that biometric authentication will reduce fraud risks and improve access for millions, including senior citizens and rural users with limited digital skills, making payments more convenient and frictionless.
Focus on Privacy and Data Protection: Successful implementation requires stringent privacy safeguards, user consent protocols, and secure encryption to protect biometric data and prevent unauthorized access.
This upgrade marks a significant step in digital payment evolution in India by combining convenience, security, and inclusivity.
