Trust is the key

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. …