CRED Launches Biometric Authentication for UPI Payments Up to Rs 5,000
New Delhi, March 25 – Fintech platform CRED has announced the availability of biometric authentication for UPI payments, allowing users to authorize transactions using their face or fingerprint. The feature, developed in collaboration with the National Payments Corporation of India (NPCI), is now accessible on both iOS and Android devices.According to a company statement, the biometric authentication method applies to all UPI-based transactions on the platform. This includes credit card bills, utility payments, merchant transactions, and peer-to-peer transfers.
| Feature | Details |
|---|---|
| Authentication Method | Face or Fingerprint |
| Transaction Limit | Up to Rs 5,000 |
| Device Compatibility | iOS and Android |
| Partner | National Payments Corporation of India (NPCI) |
The company highlighted that the new authentication method adds a stronger layer of protection against fraud by reducing the risk of PIN exposure and improving transaction reliability by preventing incorrect or mistyped PINs.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.