“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 Sayeed Choudhury told reporters here.

As per market research firm Strategy Analytics, Qualcomm leads the mobile chipset market globally with 37% share. “Everyone is getting connected, everyone is getting authenticated by device. How do you know that your device is getting ready for demonetisation? When you download a mobile banking app you don’t know if it is using hardware security or not,” Choudhury said.
“Aadhaar initiated by Indian government, the path that it is moving now with digital version of Aadhaar is far ahead then most government in the entire world,” Choudhury said.
http://www.livemint.com/Industry/FL74J5L6n1GnuxdQWzT5gP/No-mobile-payment-app-in-India-fully-secure-Qualcomm.html

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