India becomes world's most tokenised online card market as Visa launches Payment Passkey
Visa introduced Payment Passkey in Mumbai, swapping OTPs for biometric authentication on online card transactions. India now leads globally with 900M+ payment tokens, including 500M Visa tokens, reshaping retail checkout security and payment rails.
Visa launched Payment Passkey in Mumbai, enabling biometric authentication over OTPs for online card transactions. India is now the world's most tokenised card-payment market with 900M+ tokens, relevant to Indian retail payment rails and checkout security.
Why this matters
Visa deepens its India play, pairing Payment Passkey biometric checkout with recent moves courting affluent spenders and naming Shah Rukh Khan as ambassador to capture experience-led premium retail.
Omni-channel activity holding steady with 638 signals over the past 90 days.