Have you ever forgotten your credit or debit card PIN or faced delays in receiving an OTP? Don’t worry—soon you won’t need either of them to make card payments.
Payment service provider Razorpay has launched a biometric authentication facility in partnership with Yes Bank.
This new service was announced by Razorpay CEO Harshil Mathur at the Global Fintech Fest (GFF) 2025.
Why Biometric Payments?
Traditionally, card payments required entering an OTP or PIN.
However, OTPs often got delayed due to network issues, leading to 5–10% failed transactions, Mathur explained. To solve this, Razorpay has introduced a biometric option.
Instead of entering an OTP, you can now simply use Face ID or fingerprint on your phone to complete the transaction.
Benefits of the New System
Mathur highlighted two key advantages:
Better security – Biometric data is harder to misuse.
Higher success rate – No delays or failed transactions due to OTP issues.
He added that this is the next generation of payments, helping India move forward on a global level and making transactions faster and safer.
A Big Step in Digital Payments
This launch is another milestone in India’s digital payments ecosystem, showing how fintech companies are focusing on security, innovation, and user convenience.
