personal finance

Beyond PINs & passwords: The role of biometric authentication in secure transactions



The demand for contactless payments surged during the COVID-19 pandemic, and biometric authentication has played a pivotal role in making transactions both secure and convenient. Solutions like Mastercard’s Payment Passkey Service (piloted in India in 2024) allow users to authorize payments via biometrics on their devices, ensuring hygienic, frictionless, and secure transactions.



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