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.
