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Wire · technology

EBL, Visa launch passkey authentication for online payments

19 July 2026 · By · Wire by Fusion42

Published

19 July 2026

Topic

technology

◆ Sectors

FintechPayments

◆ Geography

Asia-Pacific

◆ Source

Read at tbsnews.net →

◆ Verified

Fusion42 · 19 July 2026 · Fusion42 review

Eastern Bank PLC and Visa have launched Visa Payment Passkey in Bangladesh, replacing passwords and SMS OTPs with biometric and device-based authentication for online card transactions. The service reduces authentication friction and strengthens payment security through device-stored credentials.

This Wire brief sits within Fusion42's coverage of Fintech and Payments.

◆ ◆ The Wire takeaway

If you're building authentication or fraud prevention for payments in South Asia, Visa and the region's largest banks just moved the standard away from SMS and passwords. Your API now has a proven alternative path to market—but only if you integrate with passkey infrastructure, not replace it.

◆ Coverage

1 source · 19 Jul 2026

◆ Related on Wire

◆ Topics

FintechPaymentspasswordless-authpayment-railsbiometric-checkoutfraud-reductioncard-networks