NPCI and RBI unveiled several initiatives to advance India’s digital payments ecosystem on Tuesday. NPCI launched on-device biometric authentication for UPI, allowing fingerprint or face unlock for transactions up to Rs. 5,000, and Aadhaar-based face authentication for setting or resetting UPI PINs. UPI Lite now supports payments via wearable smart glasses. New cash withdrawal modes through micro ATMs and multi-signatory account access were also introduced. Navi UPI became India’s first platform to offer biometric-based payments at scale.
Tech
NPCI Enhances UPI Payments with Biometric, Wearable Glass Verification
by aweeincm1

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