No OTP for transactions up to Rs 2,000 on Flipkart with Visa

Flipkart on Monday launched Visa Safe Click (VSC), powered by Visa, that will eliminate the need for One Time Passwords (OTP) for transactions up to Rs 2,000 on the e-commerce platform.

VSC will deploy India’s first in-app, device-based network authentication solution for a hassle-free and safe payment process for the consumers, Flipkart said in a statement.

“OTP-based authentication is one of the biggest points of friction in online card transactions, wherein we have observed significant customer drop-offs, said Ranjith Boyanapalli, Head, Fintech and Payments Group at Flipkart.

View more…

Leave a Reply

Your email address will not be published. Required fields are marked *