Biblio

With the advent of ease of access to the internet and an increase in digital literacy among citizens, digitization of the banking sector has throttled. Countries are now aiming for a cashless society. The introduction of a Unified Payment Interface (UPI) by the National Payments Corporation of India (NPCI) in April 2016 is a game-changer for cashless models. UPI payment model is currently considered the world’s most advanced payment system, and we see many countries adopting this cashless payment mode. With the increase in its popularity, there arises the increased need to strengthen the security posture of the payment solution. In this work, we explore the privacy challenges in the existing data flow of UPI models and propose approaches to preserve the privacy of customers using the Unified Payments Interface.