A new method of UPI payment may soon come in India, in which payment can be made by biometric identification (fingerprint, face ID) instead of PIN. Know what will be the benefit of this to the common users, how will this system work and what precautions will have to be taken in it.
A new method of UPI payment may soon come in India, in which payment can be made by biometric identification (fingerprint, face ID) instead of PIN. Know what will be the benefit of this to the common users, how will this system work and what precautions will have to be taken in it.
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 Business Standard, under this system, the user will no longer need to enter PIN for UPI payments. Instead, the user will be able to make payment through his biometric identity such as fingerprint, face scan or iris scan. This feature is considered especially beneficial for those users who have trouble remembering PIN or who are lagging behind in digital literacy.
The payment process can be something like this:
- After scanning the QR code, the option of biometric verification will appear in place of PIN.
- Payment will be automatically confirmed after verifying with the fingerprint scanner or phone’s FaceID.
- Direct link between Aadhaar and NPCI will make this process possible, which will keep the transaction secure as well as easy.
Talking of safety and security
Biometric based payment system is considered safe because in this 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 payment. However, some cyber experts are also saying that the possibility of leaking of biometric data 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.
A boon for less educated users and the elderly
This new feature is especially useful for those rural or elderly users who have trouble using a smartphone or remembering a PIN. They just have to put their thumb or come in front of the phone’s camera screen, and the payment will be done. In markets, shops, or villages where the reach of digital payments is still low, biometric UPI payments can bring a big change.
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