UPI Payment Without PIN: In the world of digital transactions, the Unified Payments Interface or UPI has brought a revolutionary change. Recently, the National Payments Corporation of India (NPCI) has been contemplating a new technology to make UPI transactions more secure and user-friendly. It is heard that very soon, UPI payments can be made through face recognition or biometric methods instead of a PIN.
Why the thought about new technology?
Currently, a 4 or 6-digit PIN has to be used for every UPI transaction. Many times, it becomes difficult to remember this PIN, especially for senior citizens. Also, there is a risk of PIN theft or fraud. To solve these problems, NPCI is considering the biometric method.
How will this new technology work?
In this new technology, users will be able to complete transactions using face ID or fingerprint through their smartphone’s front camera. This will eliminate the need to enter a PIN. This will not only make the transaction process faster but also increase security. Because biometric data is almost impossible to replicate.
What are the benefits?
- Extra Security: Biometric verification is much more secure than PIN-based security. This will significantly reduce the risk of financial fraud.
- Faster Transactions: Without the hassle of typing a PIN, payments can be made very quickly during shopping or any other urgent moment.
- Easy to Use: People who are not accustomed to using digital technology, such as people in villages or the elderly, will also be able to transact easily with this method.
- Fraud Prevention: Since biometric information, such as a face or fingerprint, is difficult to steal, it is expected that UPI-related fraud will be significantly reduced.
Some points to consider
Although there is considerable excitement about this technology, some issues also need to be considered. For example, protecting the privacy of the user’s biometric data and ensuring that it is not misused in any way is a big challenge. Infrastructure development and making this technology accessible to all users is also an important aspect.
Although NPCI has not yet officially announced anything on this matter, there is no doubt that this step will show a new direction to digital transactions. If this technology is launched, using UPI will become easier and more secure for the general public, which will take the dream of Digital India one step further.
