Payment Passkey Service:
Mastercard has debuted its Payment Passkey Service in India, offering a secure, non-OTP-based solution for online transactions.The Payment Passkey Service is a secure, non-OTP-based method for managing online transactions. Instead of using traditional passwords or one-time passwords (OTPs), this service relies on biometric authentication (fingerprints, facial scans) or PINs available on the user’s device.The service uses tokenization to replace sensitive financial information with secure, encrypted tokens. This means your actual financial data is not shared during transactions, enhancing security.
