UPI– India is playing a leading role in the world of digital payments, and now another big change can come to the fore. Soon the need for PIN for UPI transactions in the country may end. Instead, payments can be authenticated with biometric verification such as fingerprint, face ID and iris scan. NPCI is working on this new technology and it can be launched for general users in the future.
This step will be especially beneficial for those users who find it difficult to remember UPI PIN, or are less educated. Fraud can also be prevented to a great extent through biometric payment as this system will be based on unique bio data.
How will biometric payment work?
According to report, under this system, users will no longer need to enter a PIN for UPI payments. Instead, users will be able to make payments through their biometric identification such as fingerprint, face scan or iris scan. This facility is considered especially beneficial for those users who have difficulty remembering PIN or who are lagging behind in digital literacy.
The payment process could be something like this:
– After scanning the QR code, the option of biometric verification will appear instead of PIN.
– Payment will be automatically confirmed upon verification using the phone’s fingerprint scanner or Face ID.
– Direct link between Aadhaar and NPCI will make this process possible, which will keep the transaction secure as well as easy.
A matter of safety and security
Biometric based payment system is considered safe because the user’s personal data (such as fingerprint and face details) is directly linked to the UPI transaction. This makes it almost impossible for someone else to make the payment. However, some cyber experts are also saying that the possibility of biometric data being leaked should also be taken seriously. For this, the government and NPCI are already working on the necessary security measures. All biometric data will be kept in encrypted form and no one will be able to access it without the user’s permission.