Latest news with #UPI-related
Time of India
29-07-2025
- Business
- Time of India
UPI payment without PIN: Is NPCI considering face recognition and biometrics for authorising transactions?
Academy Empower your mind, elevate your skills How will UPI payments change via biometrics? Will you soon be able to approve all UPI transactions just by using your face ID and biometrics, without having to input your PIN every time? There are reports that NPCI (National Payment Corporation of India) is considering enabling UPI payments by way of face ID or biometrics, rendering PIN optional for authenticating UPI Wealth Online approached NPCI for comments; however, they refused to comment on this. They are neither confirming nor denying the development. However, as Akash Sinha, CEO and Founder of Cashfree Payments, explains, biometric-enabled UPI is the next big leap in India's digital payments evolution.'By removing the dependency on manual PIN entry, it paves the way for faster, more frictionless transactions, dramatically improving conversions in high-speed checkout environments. Just as importantly, it strengthens the compliance backbone of our payment infrastructure, ensuring that every transaction is uniquely tied to the individual, not just the device. This is where the future of payments is headed: a seamless blend of intelligence, identity, and trust,' he further present, you have to put in your UPI-PIN, or UPI Personal Identification Number, which is a 4-6 digit passcode, every time you have to authorise any bank implemented, you could soon be able to authorise your UPI transactions using your biometric information, such as fingerprint, eye iris scan, and other distinct physical highlight that this will be a major step in bringing down UPI-related financial frauds. This is because bodily traits are extremely difficult to be stolen, unlike UPI pins, which can be obtained by fraudsters via various Rohit Mahajan, Founder and Managing Partner of plutos ONE, "By removing any need to remember a PIN, not only does this redefine convenience, but it also includes millions of individuals, especially the elderly and those from rural backgrounds, who have less digital literacy, into a space of safe, tech-enabled transactions. Biometrics improve security and reduce fraud by tying access to the individual. For that vast population of users, this then makes transacting digitally virtually frictionless, particularly with those who have difficulty recalling a password or navigating a complex as Mahajan adds, to ensure that this change is effectively deployed, there needs to be serious consideration around the user experience with strong safeguards around data privacy, consent, and infrastructure to the RBI's Payment System Indicators report for June 2025, UPI transaction volume swelled to 18.39 billion, with their total value coming to Rs 24.03 lakh crore. As UPI is steadily gaining a higher market share of payment transactions, this added layer of security is likely to enhance the overall safety of UPI transactions.
Hindustan Times
29-07-2025
- Business
- Hindustan Times
New UPI rules from August 1: Full list of key changes that you should know
The Unified Payment Interface (UPI) is set to introduce several changes to the instant payment service from August 1. The National Payments Corporation of India (NPCI) is going to implement the new rules to improve the performance of UPI transactions. The NPCI has announced that several changes will made to UPI from August 1.(Shutterstock) So, if you are a UPI user and rely on payment service providers like PhonePe, Google Pay or Paytm on a regular basis, then the new rules are set to affect the way the transactions take place. Though, the revised guidelines wouldn't impact your day-to-day transactions, it is set to bring in restrictions for UPI-related services. The new rules include caps on limiting services, like checking bank balance, auto payments, fetching bank account info and checking payment status. The NPCI has said that the new rules have been brought to enhance UPI's stability and efficiency. What are the changes in UPI from August 1: Here are some of the prominent changes that the UPI users are set to experience from August 1: Cap on checking bank balance on UPI: Starting August 1 onwards, the UPI users will be able to check their bank balance only 50 times a day on each UPI app. The restrictions would allow NPCI to decrease the pressure on the Application Programming Interfaces (API) system during the peak hours. Also Read: UPI will work slightly differently from August 1: Here's what's changing
Deccan Herald
22-07-2025
- Business
- Deccan Herald
Karnataka sets up helpline after bribe complaints
The Commercial Taxes department has launched a dedicated helpline to combat corruption and ensure strict action against erring staff, to address complaints regarding bribe demands by officials concerning UPI-related matters. The Additional Commissioner of Commercial Taxes said the department has received information through media and other sources that certain officers and staff have allegedly demanded bribes in connection with UPI-related issues. It has also come to the attention of the department that a few middlemen are demanding money from traders under the pretext of offering assistance in such matters, the department. Taking serious note of the issue, the department reiterated its zero-tolerance policy towards corruption and assured that appropriate action would be taken against officials or staff found guilty. Traders have been urged to report any such incidents immediately by contacting the department's helpline at 18004256300, which is available from 8.00 am to 8.00 pm on working days
Hans India
21-07-2025
- Business
- Hans India
Commercial Taxes Dept sets up helpline to address graft
Bengaluru: The Commercial Taxes department has launched a dedicated helpline to combat corruption and ensure strict action against erring staff, to address complaints regarding bribe demands by officials concerning UPI-related matters. In a press release, the Additional Commissioner of Commercial Taxes said the department has received information through media and other sources that certain officers and staff have allegedly demanded bribes in connection with UPI-related issues. It has also come to the attention of the department that a few middlemen are demanding money from traders under the pretext of offering assistance in such matters, the department. Taking serious note of the issue, the department reiterated its zero-tolerance policy towards corruption and assured that appropriate action would be taken against officials or staff found guilty. Traders have been urged to report any such incidents immediately by contacting the department's helpline at 18004256300, which is available from 8.00 am to 8.00 pm on working days.
Deccan Herald
20-07-2025
- Business
- Deccan Herald
Commercial Taxes Dept in Karnataka sets up helpline after bribe complaints
In a press release, the Additional Commissioner of Commercial Taxes said the department has received information through media and other sources that certain officers and staff have allegedly demanded bribes in connection with UPI-related issues.
