Razorpay's biometric authentication delivers up to 95% transaction success rates. For businesses, that’s a great relief on the last mile.

Key Details of Razorpay Passkey:

• Reduced Friction: Aims to eliminate issues like OTP delays, wrong entries, and redirect loops, reducing checkout abandonment.
• Increased Security: Uses on-device tokenized authentication, enhancing security and reducing card payment failures by up to 95%.
• Compatibility: Supported for transactions with major card networks like Visa and Mastercard.
• RBI Compliance: Fully compliant with the RBI’s two-factor authentication framework.

This initiative is aimed at reducing the ~35% of online card transactions that fail due to OTP issues, offering a seamless and secure alternative for digital payments in India.

Source: Razorpay