The world of digital payments is evolving fast, and the National Payments Corporation of india (NPCI) has just rolled out game-changing updates to the UPI system starting October 8th. These changes are designed to make transactions smoother, safer, and more convenient for everyone. Here’s everything you need to know about the new UPI rules that will transform your payment experience.
1. Face Recognition to Reset UPI PIN—No More ATM Cards!
One of the most exciting new features is the ability to reset your UPI PIN using facial recognition technology. If you forget your UPI PIN, you no longer need to visit an ATM or carry your debit card to reset it. Your face scan will now act as a secure authentication method to reset your PIN, making the process quick and hassle-free.
2. biometric Payments Without Entering PIN
The NPCI has also introduced biometric payments, allowing users to make transactions using face or fingerprint recognition without having to enter a UPI PIN every time. This is a huge boost for contactless payments, especially useful in situations where speed and convenience are key, such as retail shopping or quick bill payments.
3. How Does This Work?
· You link your UPI with your Aadhaar biometric data or device’s biometric system.
· When you want to reset your PIN or make payments, your face or fingerprint acts as your password.
· This uses secure encryption and ensures your data privacy is protected.
4. Benefits of the New UPI Rules
· Convenience: No more fumbling to remember your PIN or hunting for your ATM card.
· Speed: Faster payments with biometric verification.
· Security: Biometrics provide a high level of security, reducing fraud and unauthorized transactions.
· Accessibility: Easier for elderly or differently-abled people who may find PIN entry challenging.
5. What You Should Do Next
· Update your UPI app to the latest version to access these new features.
· Register your biometric data (face/fingerprint) if not already linked.
· Ensure your mobile device supports biometric authentication.
6. Important to Remember
While these features enhance ease, always keep your device secure and never share your biometric data. Use official apps and be cautious of phishing attempts.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk..jpg)
click and follow Indiaherald WhatsApp channel