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In The News

In The News

December 3 - India firm planning to introduce iris authentication payment solution

Article: Technology For A Global Monetary System

National Payments Corporation of India is planning to roll out an iris-based authentication system that will enable customers to authenticate purchases without a pin or password, according to a report by The Economic Times.

The biometric authentication technology, which would be the first application of its kind in the country, will also lower the chances of password-related frauds. NCPI is expected to launch the pilot project between March and May 2016, according to individuals familiar with the matter. The national payments agency is also in partnership discussions with both large public and private banks.

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