Cred rolls out biometric login for UPI payments up to Rs 5,000
The feature has been developed in partnership with the National Payments Corporation of India (NPCI).
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Fintech platform Cred has introduced biometric authentication for unified payments interface (UPI) transactions, allowing its members to approve payments using their face or fingerprint instead of entering a PIN.
The feature is available for payments up to Rs 5,000 on both iOS and Android devices, said Cred in a statement.
The feature has been developed in partnership with the National Payments Corporation of India (NPCI), which oversees the country's UPI infrastructure, it added.
The update covers the full range of UPI activities on the app from credit card bill payments and utility bills to merchant transactions, scan-and-pay, peer-to-peer transfers, and balance checks. By reducing the steps needed to complete a payment, Cred said the change will also cut down on transaction failures caused by incorrect or forgotten PINs.
Beyond convenience, the company is positioning the move as a security upgrade, arguing that eliminating PIN entry reduces exposure to fraud.
The Kunal Shah-led company, which claims a user base of over 1.5 crore members, restricts access to individuals with high credit scores.
Earlier this month, Cred received the final approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA).