Walmart-owned PhonePe to enable UPI activation on Aadhaar-based OTP

Walmart-owned payments firm PhonePe said that it has enabled unified payments interface (UPI ) activation using Aadhaar-based OTP (one-time password) authentication. PhonePe said it is the first UPI TPAP (third-party application providers) App to roll out the Aadhaar-based UPI onboarding flow that will now enable several crore Indians to become a part of the UPI ecosystem, seamlessly and securely for the first time. TPAP is a service provider to the PSP (payment service provider) and participates in UPI.

“We are excited to be the first fintech platform to offer Aadhaar-based authentication for our users,” said Deep Agrawal, Head of Payments at PhonePe. “Going forward, we are closely working with NPCI (National Payments Corporation of India) to take UPI international.’’