NPCI: PIN can be set and reset through Aadhaar-linked biometric system, learn what is changing in UPI..

The National Payments Corporation of India (NPCI) on Tuesday launched several new initiatives focused on its flagship Unified Payments Interface (UPI). These changes include on-device biometric authentication. Additionally, NPCI has launched Aadhaar-based face authentication in UPI. This will allow Aadhaar-linked biometric authentication to be used to set or reset UPI PINs.

According to an official statement from NPCI, a new method has been introduced for cash withdrawals using UPI through micro ATMs at UPI Cash Points, which are operated by Business Correspondents (BCs). Department of Financial Services (DFS) Secretary M. Nagaraju launched most of these products at the annual Global Fintech Fest.

An official statement said that on-device authentication for UPI allows customers to use security options on their smartphones, such as fingerprint or face unlock, as an alternative to manually entering the UPI PIN. This feature will enable users to authenticate UPI payments. The statement said that this feature will be available to customers who choose to do so, giving them control over their preferred method of authenticating their transactions.

Global payments major PayPal has also announced the integration of UPI on PayPal World with NPCI International Payments, an arm of the NPCI. This feature is expected to launch in 2025.

NPCI's global arm has become the first entity globally to partner with the nearly 25-year-old PayPal for the new service. This service will help Indians using UPI make rupee payments to overseas merchants. An official statement said that PayPal Cloud simplifies the complexities of cross-border commerce, ensuring services are available globally with minimal delays and at scale.

Reserve Bank of India Deputy Governor T. Rabi Shankar also announced several products at the same event. Under this, UPI allows customers to use UPI for payments even in the case of joint account holders and multi-signatory account holders. The Deputy Governor also launched UPI Lite for small-value transactions using wearable glasses and foreign exchange on Bharat Connect.

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