Product Updates
What’s new in the Finsamudra network.
Product UpdatesVisa launches passkey authentication in India; IDFC FIRST Bank first issuer to adopt
Card payments can now be verified with Face ID, fingerprint, or device PIN instead of an SMS OTP, as Visa moves to device-based authentication in India.
17 Jul 20261 min read
Product UpdatesSBI Card shifts all CPP customers to updated plan variants automatically
The lender has begun migrating existing Credit Card Protection Plan holders to new variants offering enhanced fraud protection and expanded insurance covers, with no action required unless customers opt out.
17 Sept 20251 min read
Product UpdatesSBI Card launches Flipkart co-brand with 7.5% cashback on Myntra, 5% on e-commerce
The August 2025 card targets digital-first shoppers with tiered cashback across e-commerce, food, and travel. Annual fee of ₹500 is waived on spends above ₹3.5 lakh.
4 Sept 20251 min read
Product UpdatesUPI-PayNow Live on 19 Indian Banks as India-Singapore Corridor Expands
NPCI International has onboarded 13 additional banks to the UPI-PayNow corridor with Singapore, effective July 17, 2025. The network now covers major lenders including Kotak Mahindra, HDFC, and BOB.
17 Jul 20251 min read
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