UPI payments have become the go-to digital payment option for billions of Indians. The body running UPI claims transactions worth billions are being done through various UPI apps across the country. And soon, you could see a major upgrade coming to UPI payments which promises to be more safer than what you do currently for making digital payments.
Reports this week claim that National Payments Corporation of India or NPCI is talking to companies to make UPI payments authenticated using biometric features on our smartphones.
For instance, you could soon make UPI payments using the fingerprint sensor ID on Android phones, or Face ID if you use an iPhone. The details sourced via Moneycontrol clearly hints that the UPI authority is concerned about various scams that are reported almost on a daily basis.
People lose their hard earned money just because they authenticated a payment using the special four or six-digit PIN. UPI’s mechanism is usually secure but people inadvertently get duped by the scammers and they send money when they were expecting to receive it. You must have come across the OLX scam, a fake UPI payment scam, which even forced platforms to push a pop-up message that warns people about sending money and not the other person sending it to you.
It is likely that the NPCI believes Face ID or biometric security for UPI payments is the way to go. However, we still don’t know when the Face ID integration into UPI apps will happen, and if so, which public-facing apps will support it.
After all, you have Google Pay, PhonePe, Amazon Pay, Paytm and a slew of other apps that let you make UPI payments in the country. Either way, we would hope that the UPI apps will at least give people the choice to use between PIN or biometrics and gradually look to phase out the former once the technology is robust enough to handle such sensitive tasks.
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