The Mobile Payment Forum of India (MPFI), a think tank, has set its eyes on coming out with a number of user-friendly features like voice-based authentication, a top official said.
A joint initiative of the Institute for Development and Research in Banking Technology, Hyderabad and Rural Technology Business Incubator, IIT Madras, MPFI's mission "is to enable mobile payments and financial services through secure, efficient and low cost transaction."
It played a key role in developing interoperability and security standards for Immediate Payment Service (IMPS), the basic platform for mobile payments, and later the Unified Payments Interface (UPI), built using IMPS.
MPFI's stakeholders include policy makers, banks, telcos and others.
"MPFI will focus on futuristic solutions such as voice based authentication and security and privacy, among others," MPFI Chairman Gaurav Raina said.
As a solutions oriented think tank, MPFI was looking at issues across policy, business and technology over short, medium and long-term horizons, he said during an interaction with
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.