NPCI Explores Biometric Authentication for UPI Payments

• The National Payments Corporation of India (NPCI) is in talks with startups to implement biometric authentication for UPI payments.
• Currently, UPI uses a PIN as the second-factor authentication, similar to OTP for card payments.
• Biometric authentication would allow users to use fingerprints on Android and face ID on iPhones instead of a PIN.
• This move follows RBI's proposal for banks to explore alternative payment authentication methods to reduce financial frauds.
• Device binding through SMS remains the primary factor authentication for UPI.

Source: https://www.moneycontrol.com/technology/npci-talks-to-startups-on-biometric-authentication-for-upi-payments-article-12788026.html