India's Banks Embrace Phishing-Proof Passkey Payments!

India's public-sector banks have launched Visa Payment Passkey, a breakthrough in secure payment authentication, during the Global Fintech Fest 2026. This move eliminates the vulnerabilities of SMS OTPs and sets a precedent for phishing-proof transactions. Five banks simultaneously activated the system via In-Solutions Global, enhancing security for millions amid rising cybercrime. Visa's technology promises faster transactions and reduced fraud, marking a critical evolution in India’s digital payment landscape.