Flipkart, Axis Bank and PayU introduce biometric authentication for card payments

Exam-focused facts from the 1 May 2026 current affairs briefing.

Key facts

Flipkart, Axis Bank and PayU have introduced biometric authentication for card payments, replacing One-Time Passwords (OTPs) with fingerprint and Face ID approvals.
The biometric authentication feature is currently available for Axis Bank cardholders on Flipkart.
The system operates through a coordinated stack where Flipkart manages the front-end, PayU handles merchant-side infrastructure and security, and Axis Bank manages issuer-level authentication via Wibmo.
The move aligns with the Reserve Bank of India (RBI) push towards stronger, risk-based authentication mechanisms.
Digital fraud in India surged past ₹1,400 crore in Financial Year (FY) 2024.