Monday, 13 October, 2025
Biometrics and Passkeys Expected to Boost Digital Payment Success Rates by 2–3%
Digital payments companies anticipate a 2 to 3 percentage point rise in transaction success rates as newer authentication methods—biometrics and passkeys—replace one-time passwords (OTPs). These modern methods reduce failures caused by OTP delivery issues and improve both user experience and security. The shift reflects a broader push toward frictionless, device-based verification in the payments ecosystem.
Read full story at Economic Times