JUSPAY

🔑 Why do we need OTPs, PINs, and passwords? 🔒 What's the safest way of authentication? 📱 Can Face ID be the future of Payment Authentication? With RBI's draft framework for Alternative Authentication Mechanisms and our recent POC for biometric authentication with Mastercard as strong tailwinds for the future of payment authentication, we are excited to bring you a two-part deep dive into the fundamentals of Payment Authentication. Stay tuned for the first episode!!

"Authentication at its core is about establishing ownership." In this edition of Juspay Xplore, Rishi Sharma (Product Manager, Express Checkout) and Ishan Sharma (VP - Business Development) break down the complex world of payment authentication. In the first part of this two part series on Authentication, we cover: ⚖ Tradeoffs between fraud and friction 💯 Frameworks for Multi-factor authentication 🌏 Authentication trends around the globe To know more about Juspay's innovations in this space reach out to biz@juspay.in Enjoy and stay tuned for Part 2!

In this year's Global Fintech Fest, innovations across the payments ecosystem coalesced. Our launches are a celebration of incredible partnerships, our vision for seamless payments, and game-changing innovations for customer experience. 🚀 Presenting the 10 New Launches from Juspay:   1️⃣ HDFC Bank Smart Gateway: A new-age Payments Platform 2️⃣ EMIs, personalised offers, and more on UPI 3️⃣ Delegate Payments on UPI 4️⃣  UPI Lite Wallet Top-up 5️⃣ IoT UPI Payments 6️⃣ UPI Issuer Switch 7️⃣ Credit Line Issuance on UPI 8️⃣ UPI BBPS Switch 9️⃣ Biometric Payment Authentication with Mastercard & bigbasket.com (Proof of concept) 🔟 Push Provisioning with Visa

🚀 Credit lines, now on UPI rails How do you enable Credit (seamlessly) to millions? With Credit issuance as seamless (and secure) as making a UPI Payment. This Global Fintech Fest we are Introducing Juspay Credit Issuance Stack. An industry-first, state-of-the-art, UPI Credit issuance stack, allowing Issuing banks to enable credit lines on UPI Rails. 🔌 Built-in UPI Issuer switch for seamless UPI Integration 💯 Unmatched Distribution with Juspay's ecosystem of 500+ leading brands 💿 Analytics engine to drive actionable insights Juspay has been at the forefront of UPI Innovation for close to a decade, building breakthrough tech on the pillars of reliability, scalability and agility.   ☀ 99.99% availability 🤖 0% Technical Declines 🚀 50,000+ TPS Scalability Get in touch at biz@juspay.in

 🚀 Issuing Banks can now power payments via Savings account, Rupay Credit Cards, and Credit Lines on UPI. This Global Fintech Fest we Introduce Juspay's UPI Issuer Switch!   ➕ Multi-Issuer Switch configurations 💿 Analytics engine to drive actionable insights ☁ Active-Active multi region support Juspay has been at the forefront of UPI Innovation for close to a decade, building breakthrough tech on the pillars of reliability, scalability and agility. ☀ 99.99% availability 🤖 0% Technical Declines 🚀 50,000+ TPS Scalability Get in touch at biz@juspay.in #upi #banks #payments

🚨 𝗡𝗲𝘄𝘀 𝗙𝗹𝗮𝘀𝗵: Mastercard selects India 🇮🇳 for the global launch of its Payment Passkey Service (which speeds up transactions using biometrics). During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Debuting first in India as a pilot with some of the nation’s largest payments players, including payment aggregators such as JUSPAY, Razorpay, and PayU. Despite the rising popularity of one-time passwords (OTPs) due to their ease of use, they are increasingly vulnerable to online scams such as phishing, SIM swapping and message interception. In India, the incidence of fraud cases has surged by nearly 300% in the last two years, as reported by the Reserve Bank of India’s Annual Report for 2023-2024. Enter payment passkeys. They use device-based biometric authentication methods such as fingerprints or facial scans, but for an entirely new purpose: to streamline online shopping experiences. By replacing traditional passwords and OTPs, the Mastercard Payment Passkey Service makes transactions not only faster, but also more secure against fraud and scams. With payment passkeys, consumers can say goodbye to the hassle of forgetting or accidentally sharing their passwords or OTPs.  The Mastercard Payment Passkey Service uses tokenization to secure a consumer’s payment details and biometric data, ensuring that no data is shared with third parties and is useless to fraudsters and scammers. The service is a game changer for online checkout:  1️⃣ Shoppers choose their Mastercard when checking out as a guest or select a card already stored securely on file with a merchant.  2️⃣ To confirm the payment, users can use biometric authentication mechanism features on their device – whether it’s a fingerprint, face scan or PIN. 3️⃣ Upon successful authentication, the payment is instantly completed.  “By introducing the Mastercard Payment Passkey Service in India, we’re advancing secure online checkout and our vision for a token economy,” said Jorn Lambert, chief product officer at Mastercard. “Through innovative technology that enhances security and convenience, we’re creating a more transparent commerce ecosystem for all. As we continue to lead the way in digital payments, our commitment to achieving a tokenized future is stronger than ever.” More info: https://lnkd.in/dpsh6Nj7 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #tokenization #digitalpayments #fintech #fintechnews

Mastercard 🤝 JUSPAY, collaborate to bring you the fastest & most secure checkout experience ever made with bigbasket.com This Global Fintech Fest, we celebrated a new horizon in payment authentication. The Mastercard and Juspay partnership brings to you Biometric Authentication (Pay with Fingerprint). The Secure hardware element in your phones and your identity come together to form the most secure & fraud-proof payment experience, we've ever built. 🔐 Pay via Fingerprint 💯 Minimise Payment fraud ⚡ Lightning fast checkout experience This Proof Of Concept celebrates an incredible partnership between JUSPAY and Mastercard for unlocking new frontiers in secure payments. Stay tuned! Gautam Aggarwal | Ravi Varma Datla

We are delighted partner with Visa and AU SMALL FINANCE BANK in heralding Push Provisioning at the Global Fintech Fest. The insightful discussion between Arvind Butola, Head of Digital Bank, AU Small Finance Bank,(Right) Sheetal Lalwani, Co-founder, Juspay (Centre) and Ramakrishnan Gopalan, Head of Products, India & South Asia, Visa, (Left), demonstrated how Push Provisioning can enable cardholders to seamlessly tokenise card credentials through their issuer's application. This is yet another step in Juspay's mission towards making digital payments as seamless and secure as possible. Watch this space for future developments of Push Provisioning.

HDFC Bank 🤝 JUSPAY: Seamless Payments for new-age businesses Introducing HDFC Bank Smart Gateway, a new-age payments platform, built with JUSPAY Online businesses can now unlock seamless payments scale, maximise their conversions, build seamless customer experiences, and simplify payment operations. 💯 Enterprise-grade payments orchestration for every business ⚡ Industry-first checkout experiences without writing any code 🤖 SDK that’s secure, lightweight, and scalable upto 50k TPS The partnership unifies decades of innovations in payments, helping businesses navigate Payments at every stage of their growth.

Innovations in payments are happening at breakthrough speed, but...   🚀 What's the driving force behind these locally and globally? ⚡How this will further payments for businesses and customers? 🛣 What should be on the payments roadmap of your business? Catch Mridula Iyer (Citibank), Vishal Dalal (Pismo), Omar Halabieh (Amazon Pay), Sandeep Indurkar (BharatPe), and our very own James Lloyd as they dissect and probe the tailwinds behind the next frontier in Payments.  📅 2PM, 28th August 📍Lotus1, Jio Convention Centre, Mumbai