None Of Mobile Payment Apps In India Fully Secure: Qualcomm

Qualcomm said that wallets and mobile banking applications in India are not using hardware level security which can make online transactions more secure.

While the Indian government is pushing for digital payments through mobile phones, chipset maker Qualcomm said that wallets and mobile banking applications in India are not using hardware level security which can make online transactions more secure.

“You will be surprised because most of the banking or wallet apps around the world don’t use hardware security. They actually run completely in Android mode and users password can be stolen. Users use fingerprint which might be captured … in India that is the case for most of all digital wallets and mobile banking apps,” Qualcomm Senior Director Product Management Sy Choudhury told reporters.