Visa Payment Passkey Goes Live at Five India State Banks
Visa launched Payment Passkey at five Indian state banks via the shared ISG platform. The FIDO2-based system replaces OTP authentication by binding each transaction to a private key on the device. India's cybercrime losses reached $2.4 billion in 2024.
- Passkey launched at five Indian state banks via ISG platform
- FIDO2 binds each transaction to a private key on the device
- OTP authentication removed, making phishing structurally impossible
- India cybercrime losses in 2024 totaled $2.4 billion
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