UPI Biometric Authentication Planned by NPCI
Why in the news
NPCI is building a biometric option for UPI payments to curb fraud and ease use.
Key facts
- Demo likely at the 2025 Global Fintech Fest; work in progress for over a year.
- Aims at PIN theft and phishing risks.
- Draws on Aadhaar-linked data and mobile biometric sensors.
Rationale
- Helps elderly and less tech-savvy users.
- Responds to fraud around PIN and OTP.
- Brings greater convenience alongside stronger security.
Exam angle
- Body: NPCI.
- Event for demo: Global Fintech Fest.