Indian government to add facial recognition, iris scan for digital payments

24 februarie 2020

The Indian government has been pushing for increasing digital payments and moving towards a cashless economy. The Chief of National Cyber Coordination Centre, Dr Rajesh Pant, at an ASSOCHAM event said that the government is looking to implement multi-factor authentication to improve the security of digital transactions in the country, according to Business Insider.

As per a report, 1.3 billion UPI transactions were recorded in January 2020. With the increasing number of transactions, it is also important to increase the security of digital transactions.

Govt to move towards multi-factor authentication

At present, UPI and payment apps like PhonePe and Google Pay use two-factor authentication as mandated by RBI. Two-factor authentication involves two factors to grant access to a system. Most apps use one-time-passwords (OTPs) in addition to passwords to authenticate users.

The government is now looking to improve this with the introduction of multi-factor authentication. In addition to requiring a password to sign in, the payment apps may also be mandated to add an additional layer of security in the form of facial recognition, Iris scan and checking the location to ensure security of digital payments.

While facial recognition is easy, it will not be easy to implement iris scan on smartphones. While Samsung offers an iris scanner on a few of its flagship devices, this feature is not available on other smartphones.

At present, some banking apps already require the user to enable the location on the smartphone to complete a transaction. This helps in finding the person who initiated the transaction in case fraud is detected. This should not be hard to implement on other apps as well.

During the ASSOCHAM IndiSec – Cyber & Internal Security Conference, Dr. Pant also said, “The trials of technology for multi-factor authentication are already going on abroad, once it gets approved then we will definitely bring it in India.”

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Gabriela Nistor – director general adjunct BT

Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”


In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale in 2020?