Along with the growth of online transactions, frauds are also increasing rapidly. At the same time, NPCI has taken a big step to curb these frauds.
New UPI Payment Rules: In this era of digital payments, the use of UPI (Unified Payments Interface) is growing rapidly. In fact, most people are now preferring UPI on a large scale instead of cash transactions. However, along with this, UPI fraud cases are also increasing rapidly nowadays.
Keeping this in mind, the National Payments Corporation of India (NPCI) has taken an important step to make UPI transactions more secure and reliable. According to the information, now UPI payments will be confirmed with biometric authentication instead of PIN.
In fact, in recent times, cases of fraud through UPI payments have put the common people in serious concern. Although on the other hand, UPI has made digital payments easier and smoother in today’s time, but in the meantime, cases of fraud are also increasing. Actually, users are feeling insecure about new frauds. But now to deal with this problem, NPCI has taken a big decision to adopt biometric authentication instead of PIN-based verification process.
NPCI is making this preparation to make UPI transactions more secure
At the same time, according to a report by Mint, NPCI is working on a plan to include biometric authentication to make UPI transactions more secure. Under this new system, UPI transactions will now be verified through fingerprint scanning or face authentication. Using these features already available in smartphones, efforts will be made to make UPI payments even more secure and easier.
Let us tell you that this new change will be very beneficial especially for those users who are worried about the security of their banking details or PIN. Through biometric authentication, now only the person whose fingerprint or face is already saved in the system will be able to make transactions. This step can also control incidents of fraud to a great extent.
