Visa has introduced its Payment Passkey authentication system in India, aiming to move beyond traditional one-time passwords (OTPs) for online transactions, according to economictimes.indiatimes.com. The new system uses biometric and device-based authentication methods to enhance security and user convenience. The launch took place recently as part of Visa’s global push to improve digital payment security.
The Payment Passkey replaces OTPs by enabling users to authenticate payments through biometrics such as fingerprints or facial recognition, or via device-based credentials stored securely on smartphones. Visa highlighted that this method reduces fraud risks and improves the customer experience by eliminating the need to receive and enter OTPs during transactions. The company emphasized that this aligns with global trends toward passwordless authentication.
This move is significant in the context of rising digital payments in India, where OTP-based authentication has been a standard but vulnerable method. Visa’s Payment Passkey is expected to support the country’s growing digital economy by providing a safer alternative that complies with regulatory guidelines. The launch follows similar initiatives by global payment firms to adopt more secure authentication technologies, reflecting a broader industry shift.
Visa’s Payment Passkey rollout in India marks a step toward more secure digital payments, with adoption expected to grow as merchants and consumers seek safer transaction methods. The company confirmed the launch on its official India website, signaling its commitment to enhancing payment security in one of the world’s fastest-growing digital markets.