Alternatives to OTPs will make payments safer: Visa

Oct 6, 2025 - 04:30
Alternatives to OTPs will make payments safer: Visa

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RBI's tokenization initiative has significantly reduced fraud and improved transaction success rates since 2022. Now, Visa is introducing its Payment Passkey, a biometric and cryptographic authentication alternative to OTPs, which has shown nearly 50% lower fraud rates. This move, supported by RBI's flexible framework, positions India as a global leader in secure and innovative digital payments.

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