ICICI Bank has enabled this feature on its iMobile app, allowing customers to use biometrics for person-to-person transfers, QR-based merchant payments, and online purchases. The feature is available on updated app versions and relies on biometric data already stored securely on the user’s device rather than collecting new data.
Biometric authentication is emerging as the next layer of innovation in India’s UPI ecosystem, with ICICI Bank and fintech platforms like PhonePe and CRED rolling out features that allow users to approve payments using fingerprint or facial recognition. The shift is aimed at making digital transactions faster, more seamless, and secure — especially for everyday payments.....
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Via businesstoday.in