From Smart Glass Payments To Biometric Support: Here’s How UPI Is Changing

Core Insights - The Global Fintech Festival (GFF) 2025 showcased numerous digital payment innovations, emphasizing transaction security and support for new form factors [1][2] Group 1: New Features Launched - Small Value UPI Transactions via Wearable Glasses allow users to initiate transactions hands-free using smart glasses, powered by UPI Lite, which enables small-value transactions without internet or PIN [3][4][5] - UPI Multi-Signatory feature enables multiple approvals for a single UPI account, aimed at businesses requiring checks and balances before processing payments [6] - On-Device Biometric Authentication for UPI allows users to authenticate payments using smartphone security features, enhancing transaction speed and security [7] - Cash Withdrawal through Micro ATMs using UPI allows users to withdraw cash at local shops and business correspondent outlets by scanning a dynamic QR code [8][9] - Aadhaar-Based Face Authentication in UPI simplifies the process of setting or resetting UPI PINs, making it more inclusive for first-time users and senior citizens [10][11] Group 2: Market Context - Monthly UPI transactions surpassed 20 billion in August but slightly declined to 19.6 billion in September, with PhonePe, Google Pay, and Paytm leading the ecosystem [14]