The National Payments Corporation of India (NPCI) has increased the transaction limit for three types of payments using UPI to ₹5 lakh for...
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Maroc - Times of India - Top Stories - 06/Aug 10:26
NPCI may be planning to 'dump' OTPs, PINs for UPI transactions
The National Payments Corporation of India discussed partnerships with startups to introduce biometric authentication for UPI transactions. This would enable users to verify payments using fingerprints on Android devices and face ID on iPhones, replacing the current UPI PIN. The move followed the RBI's proposal for alternative authentication methods to enhance security and user experience.
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