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None of the mobile wallets in India are safe
Posted on: 15/Dec/2016 10:35:39 AM
Qualcomm, US based semiconductor and telecommunications Equipment Company has mentioned that none of the mobile wallets in India are safe.
Sy Choudhary, Qualcomm senior Director while speaking in a function in New Delhi said: Not alone in India, most of the banking or wallet apps around the world don’t use hardware security. They are concentrating in software alone. They actually run completely in Android mode and user’s password can be stolen. Qualcomm is now approaching digital payments companies for using secure environment for processing payments on mobile phone.
Choudhury lauded India`s Aadhaar authentication system.
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