This page may contain stale information. Last updated: 2026-07-02
Definition
- 2026-08-03: Complements session-level behavioral-biometrics as visa buys biocatch for upstream fraud intel (2026-08-03-visa-biocatch-2-4b-acquisition)
Passkeys are FIDO-standard cryptographic credentials stored on user devices, enabling phishing-resistant authentication via biometrics (fingerprint, face) or device PIN — replacing passwords and SMS OTPs.
Payment Applications
Visa Payment Passkey (VPP) — device-based card-not-present authentication:
- Links Visa card to consumer device via Visa Token Service
- One-time registration; consistent checkout across merchants
- Satisfies two-factor authentication requirements (e.g., RBI India framework)
July 2026: India Launch
visa launched VPP in India (July 2, 2026) with IDFC FIRST Bank; merchants include Myntra, Paytm, MakeMyTrip. Positions passkeys as foundation for agentic commerce consent flows atop 100% e-commerce card tokenisation.