02
May
ICICI Bank has introduced biometric authentication for UPI transactions on its mobile banking application, iMobile, allowing customers to approve payments of up to ₹5,000 using fingerprint or facial recognition instead of entering a UPI PIN. The bank said the feature is aimed at improving both convenience and security for users by enabling faster transactions while reducing risks such as shoulder-surfing in public spaces. Customers can use biometric authentication for peer-to-peer fund transfers, QR code-based in-store payments, and online transactions conducted through the iMobile app. Transactions above ₹5,000 will continue to require the traditional UPI PIN for authorisation. An ICICI Bank…
