The National Payments Corporation of India (NPCI) revealed that in June, transactions using UPI biometric authentication surpassed 611 million, totaling Rs 25,416 crore. This method allows users to confirm UPI payments through their smartphone’s fingerprint or facial recognition. Sohini Rajola, NPCI’s Executive Director-Growth, noted the rising popularity of biometric authentication among UPI users for its simplicity and efficiency.
The adoption of biometric authentication is gaining traction, with over 600 million transactions in June, including RuPay Credit Card on UPI. Banks and UPI apps are increasingly offering this feature to customers, anticipating further growth as more users opt for secure and convenient payment methods. NPCI highlighted the shift towards faster, simpler, and more user-friendly digital payment experiences with the increasing use of biometric-based authentication.
Biometric authentication supports both Person-to-Person (P2P) and Person-to-Merchant (P2M) payments, streamlining routine transactions for users. It also extends to RuPay Credit Card on UPI transactions, enabling PIN-free credit payments through UPI, enhancing speed and convenience for credit transactions. By utilizing on-device fingerprint or facial recognition, biometric authentication reduces reliance on UPI PINs, expediting transaction completion and enhancing success rates. NPCI foresees continued adoption of this feature in the coming months, reinforcing UPI’s position as a secure and seamless digital payment leader.
