Wire · founder news, decoded · technology
EBL, Visa launch passkey authentication for online payments | The Business Standard
◆ Published
19 July 2026
◆ Topic
technology
◆ Sectors
◆ Geography
◆ Source
◆ 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. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.
◆ 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.
◆ Related on Wire
- Visa launches platform for banks to mint and manage stablecoins20 July 2026
- Visa, Mastercard, and Coinbase Launch x402 Foundation for AI-Enabled Payments Standard16 July 2026
- Explained: Why Biometric Authentication Is Becoming The Next Big Thing In UPI Payments9 July 2026
- Visa Launches Stablecoin Platform for Banks17 July 2026
- Digital euro set for launch as EU challenges Visa and Mastercard | IDNFinancials15 July 2026
- UAE rolls out Jaywan, the first national payment card: Banks launch new schemes20 July 2026
◆ Topics
Fintech · Payments · passwordless-auth · payment-rails · biometric-checkout · fraud-reduction · card-networks