Mobile payments has disrupted the Indian markets in recent times. The Indian government is encouraging the common man to go digital. But adoption to mobile payments has a major roadblock, security. Consumers have not wholeheartedly accepted the payment technology. Widespread adoption of mobile payments can only be achieved when there is trust in the system.
Creating a system that is a parallel level of real-world security in the virtual world is a challenge. We proposed a strong authentication mechanism that binds the identity of the user to the authorization of the transaction. …