UPI (Unified Payment Interface) is a revolutionary digital payment system that has made financial transactions much easier and quicker in India. However, one of the major challenges faced by UPI users has been the need to remember and use their UPI PIN every time they carry out a transaction. But, this challenge may soon be a thing of the past as the National Payments Corporation of India (NPCI) is working on a new feature that would allow UPI users to carry out transactions without the need for a UPI PIN.
How Can you do UPI without a Pin?
To conduct a UPI transaction without a PIN, follow these steps:
Registering your biological data
You must first register your biometric data with your bank, such as your fingerprint or face recognition, in order to access the new service. You may accomplish this by going to the nearby branch of your bank or by using the bank’s mobile app.
Install a UPI-compatible app:
You must download a UPI-enabled app with the new functionality once your biometric data has been registered. BHIM, Google Pay, PhonePe, and Paytm are a few of the well-known UPI-compatible applications.
Adding a bank account link:
After downloading the UPI app, you will need to link your bank account to the app. This can be done by entering your bank details and following the app’s on-screen instructions.
Initiate a transaction:
You must choose the recipient’s bank account and input the transfer amount to start a transaction. Your biometric data, such as your fingerprint or face recognition, can then be used to verify the transaction.
Hold off until the transaction is finished:
You’ll get a confirmation message from the UPI app once the transaction has started. Within a few seconds, the transaction ought to be finished, and the receiver will see the money in their account.
Remember that not all UPI-enabled applications may implement the new functionality just yet since it is still in the development stage. Yet once it is implemented, UPI users will find that financial transactions are considerably more convenient.
In conclusion, the new functionality that permits UPI transactions without a PIN is anticipated to greatly improve the convenience and security of financial transactions. Users of UPI won’t need to remember their UPI PIN anymore thanks to the usage of biometric data like a fingerprint or face recognition, making it simpler to complete transactions swiftly and securely. Keep an eye out for updates from your bank or UPI app since the functionality may not yet be accessible on all UPI-enabled applications because it is still in the development stage.