· Introduces payment authentication through fingerprint or face recognition for UPI transactions up to ₹5,000
Mumbai: ICICI
Bank has announced the implementation of biometric authentication for UPI
transactions through iMobile, the Bank’s mobile banking application. The
feature enhances user experience by allowing them to authorise transactions up
to ₹5,000 via facial recognition or fingerprint authentication. This new
feature does away with the need to manually enter UPI PIN for transactions up
to the threshold.
The
introduction of biometrics brings in the dual advantage of faster payments and
security, by eliminating the risk of shoulder-surfing in public spaces.
Customers can authorise UPI transactions such as peer-to-peer money transfer,
scan QR for in-store payments, or online payments through their biometrics. For
transactions above ₹5,000, the customer will require their existing UPI PIN to
authorise the payment.
An ICICI Bank
spokesperson, said, “Safeguarding our customers’ interest has always been at the
centre of our operations, and we believe in providing our customers with
advanced digital solutions. The introduction of biometric authentication is
aligned with current regulatory guidelines, and marks a meaningful step towards
enabling a more secure and seamless payment experience. By leveraging
device-level biometric verification on iMobile, we aim to further strengthen
transaction security while ensuring ease of use. Customers also have the
flexibility to choose between PIN-based and biometric authentication, based on
their preference and convenience.”
The feature
is available on the latest iMobile app versions of Android – v30, and IOS –
v28.2. Android users can authorise the transactions via their
fingerprint, and IOS users through facial recognition.
iMobile
users can easily activate the biometric authenticator with a few simple steps.
- Log into iMobile App
- Click on UPI payments and choose UPI settings
- Select account number for enabling biometric
- Select ‘Use biometric for payments’ and click ‘proceed’
- Enter your UPI PIN for verification
- Authenticate the device-level biometric data
For more information on ‘iMobile’ and to download the app, visit the Google Play Store or Apple App Store.
For news and
updates, visit www.icici.bank.in and
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