Furthermore, the government aims to encourage more digital business with biometrics such as facial and iris recognition, Biometric Update cited Business Insider. When it comes to digital transactions, Indian authorities consider moving beyond passwords and one-time passwords (OTPs), as are mandated for UPI and payment apps such as PhonePe and Google Pay by the Reserve Bank of India (RBI).
New multi-factor rules could include requirements for biometric and location checks, possibly through mobile devices, though iris biometrics are not supported by most smartphones.
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