•PhonePe has rolled out biometric authentication for UPI payments, eliminating the need for traditional PINs.
•Users can now authorize 'one-touch' transactions up to ₹5,000 using their smartphone's fingerprint or facial recognition.
•The new feature offers hardware-grade security, tying biometric data to the device via a Secure Enclave, enhancing safety.
•It aims to reduce transaction friction, boost success rates, and includes a failsafe to traditional PIN if biometrics fail.
•Future plans include iOS integration and potential increases in transaction limits for biometric payments, as stated by Deep Agrawal, Head of Payments at PhonePe.
