Paytm Share Price Gains Over 2%; Introduces Biometric UPI Payments and Cardless ATM Withdrawals Amid RBI Guidelines

In a bid to bolster transaction security, Paytm has introduced biometric authentication for UPI payments and cardless ATM withdrawals.  

This development aligns with recent RBI guidelines that focus on dynamic and device-bound factors, including biometrics, for two-factor authentication (2FA) as per The CNBCTV18 report. 

Biometric UPI Payments and Cash Withdrawals 

Paytm's latest update enables users to verify transactions using either fingerprint or Face ID, eliminating the need to manually enter UPI PINs. This feature extends to checking balances and withdrawing cash, offering a seamless user experience without compromising security. 

Biometric verification occurs directly on devices, ensuring that Paytm and partner banks do not store or access users’ biometric data. 

The National Payments Corporation of India (NPCI) has set a transaction limit of ₹5,000 for biometric UPI transactions.  

For cardless ATM withdrawals, users can scan a QR code and authenticate using Face ID, fingerprint, or a UPI PIN, with withdrawal limits generally capped at ₹10,000, subject to individual bank policies. 

Compatibility and User Convenience 

The enhancements are available on both Android and iOS devices. Users have the flexibility to link multiple bank accounts for withdrawals while retaining the option to use the UPI PIN if preferred.  

This initiative coincides with similar advancements by other fintech companies, such as Razorpay, which recently launched a biometric solution for card transactions in collaboration with Mastercard. 

Read More: UPI Records 218.6 Billion Transactions Valued at ₹284.7 Lakh Crore in FY26! 

Technology and Security Emphasis 

The adoption of biometric technology marks a significant shift in how Paytm and similar platforms are addressing security and user convenience.  

By incorporating these advanced authentication measures, Paytm not only complies with the RBI's updated requirements but also provides a more secure and efficient way for users to conduct transactions. 

One97 Communications Share Price Performance  

As of April 06, 2026, at 2:37 PM, One97 Communications share price on NSE was trading at ₹1,026.65 up by 2.05% from the previous closing price. 

Conclusion 

The introduction of biometric authentication in UPI payments and cardless ATM withdrawals by Paytm reflects a broader trend towards enhanced security protocols in digital payments. This initiative demonstrates Paytm’s commitment to aligning with regulatory standards while enhancing user experience. 

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