Finance
Potter HeadFlipkart Casts a Spell with Face ID Payments for Shoppers
In a world where waiting for an OTP feels like dodging Bludgers, Flipkart has teamed up with Axis Bank and PayU to unveil a spellbinding enchantment! With a mere flick of your finger or a wink at your Face ID, checkout transforms into a magical breeze—no more delays or disappearing codes! Indian shoppers can now shop like wizards, leaving fraudsters in the dust!
few days ago | Sunainaa Chadha
Quick rundown
1.Flipkart partners with Axis Bank and PayU for biometric payments.
2.Biometric authentication replaces OTPs for faster checkouts.
3.RBI encourages biometric over SMS OTPs to reduce fraud.
4.India's digital payment fraud exceeded ₹1,400 crore in FY24.
5.Biometric payments could revolutionize India's e-commerce.
