The National Payments Corporation of India (NPCI) has launched biometric authentication for UPI payments at the Global Fintech Fest on October 7 in Mumbai.
The biometric authentication will be performed on-device and can be used in place of the PIN that has been in use since the popular digital payments system was launched in April 2016.
Launched by M Nagaraju M, Secretary, Department of Financial Services at the Ministry of
Finance, the biometric authentication is considered a seamless, secure and user-friendly alternative to PIN-based UPI authentication.
Moneycontrol had earlier reported that NPCI was in talks with startups to introduce biometric authentication for UPI payments.
Better than PIN
The biometric authentication can be used for setting or resetting the UPI PIN apart fro