Visa Payment Passkey enables cardholders to authenticate transactions using familiar device-based methods
FinTech BizNews Service
Mumbai, July 2, 2026: Visa (NYSE: V), today announced that Visa Payment Passkey (VPP) is live in India with IDFC FIRST Bank, its first banking partner to enable the solution for cardholders. VPP is available for select users of merchants such as Myntra, Paytm, MakeMyTrip, Tata Starbucks, Reliance Digital, and EatSure (Rebel Foods); along with a strong network of fintech partners - Juspay, Wibmo, Razorpay, PayU, Pine Labs, BillDesk, M2P Fintech, Paytm Payments Services among others - whose platforms serve as the critical backbone enabling seamless integration and adoption of Visa Payment Passkey for Visa cardholders.
The launch marks a significant step forward in enabling trusted, and seamless online authentication and aims to reduce reliance on traditional payment verification methods such as OTPs while enhancing the digital payment experience for consumers and businesses in India.
Built on FIDO’s standards (global authentication framework used by leading companies), Visa Payment Passkey enables Visa cardholders to authenticate transactions using their device’s native unlock mechanisms, such as fingerprint, facial recognition, PIN, password or pattern. The solution is built in line with the RBI’s September 2025 “Framework on Alternative Authentication Mechanisms for Digital Payment Transactions” to enable the ecosystem and users to adopt alternative authentication mechanisms beyond one-time passwords (OTPs). Visa Payment Passkey simplifies the checkout process while strengthening transaction security, delivering a secure, faster and more intuitive payment experience.
Suresh Sethi, Group Country Manager, India & South Asia, Visa, said, “Trust is the foundation of India’s digital payments journey - one that continues to set a powerful example for the world through its scale, innovation, and the confidence of millions of consumers and businesses. With Visa Payment Passkey, we are helping make digital commerce safer, more inclusive and easier to use by enabling people to authenticate card payments through familiar device-based experiences such as biometrics, PINs, passwords or patterns. Combined with tokenization, this solution adds an important layer of protection, reduces friction and strengthens trust at every checkout. It also lays the foundation for the next era of agentic commerce, where trusted credentials and strong authentication will enable intelligent digital experiences to act safely on behalf of consumers. This supports India’s ambition to build a more accessible, resilient and future-ready digital economy.”
Visa Payment Passkey is expected to deliver a significant uplift in payment success rates (PSR), while also reducing the number of steps required to complete an online transaction compared to traditional OTP-based methods.
With a simple one-time setup, consumers can benefit from a consistent authentication experience across participating merchants and platforms. The solution is compatible with major operating systems and browsers and is supported by billions of FIDO-enabled devices globally, ensuring broad accessibility and scalability.
As India continues to advance its digital economy and strengthen its payments ecosystem, Visa remains focused on introducing secure, scalable and user-centric innovations in collaboration with financial institutions and ecosystem partners, supporting the growth of a more inclusive and resilient digital payments landscape.
