Visa launched Visa Payment Passkey in India on July 2, 2026 — biometric authentication for online card payments replacing SMS OTPs.
Live with IDFC FIRST Bank. Merchants: Myntra, Paytm, MakeMyTrip, Tata Starbucks, Reliance Digital, EatSure. Fintech partners: Juspay, Razorpay, PayU, Pine Labs, BillDesk, Wibmo, M2P Fintech.
Built on FIDO authentication standards. Follows RBI September 2025 framework allowing alternative authentication beyond SMS OTPs.
Passkeys are cryptographic credentials on device — resistant to phishing. One-time registration, consistent experience across merchants.
Visa positions passkeys as foundation for AI-driven agentic commerce consent flows atop India’s 100% e-commerce card tokenisation.
Ramakrishnan Gopalan, Head Products India & South Asia: OTP served 15 years but fraud and friction require alternatives.