Why passkeys in the payment industry
Passkeys for Payment
Prevent payment fraud, simplify customer authentication and ensure compliance using frictionless, phishing-resistant passkeys - no passwords required.
30% less drop-off
4x faster payment authentication
70% lower auth costs
These payment companies have rolled out passkeys:
Benefits for Payment Companies
Prevent Fraud. Boost Engagement. Lower Costs.
100%
Phishing-resistant MFA
Stop phishing and credential theft instantly, securing transactions and reducing fraud costs.
25%
Higher Payment Success
Accelerate authentication flows, reduce friction and maximize transaction completions.
70%
Reduce Auth-related Costs
Drastically cut costs related to SMS OTPs, failed logins, and customer support requests.
VicRoads uses Corbado to offer passkeys to 5 million users
Corbado stands out as a trusted passkey partner meeting our technical, security and customer requirements. Via their enterprise-grade support they provided 24/7 availability, on-site implementation assistance and project management.
Igor Gjorgjioski, Head of Digital Channels & Platform Enablement, VicRoads
AWS Well-Architected Framework Review
ISO27001
Service Organization Control 2 (SOC 2)
GDPR
Dedicated AWS instances
Payment Passkey Features
Deploying Passkeys? It takes more than just Code
Discover Corbado’s Payment offering that goes far beyond a simple passkey implementation. We assist you with all the tools you need to make your passkey project a success story.
Advanced Analytics & Reporting
Get insights to optimize passkey authentication and flows.
Keep Passwords & Existing Users
Add passkeys to your existing system without any data migration.
Guaranteed Passkey / WebAuthn Conformity
Get continuously the latest WebAuthn and passkey features.
Enterprise Gateway
WebAuthn server, passkey mgmt, IdP / CIAM connector, high availability
Gradual & Managed Rollout
Phased rollout for smooth passkey transitions and user acceptance.
Adoption Accelerator
Tools and strategies to maximize passkey adoption rates among your users.
Login Observability
Ensure your system architecture supports seamless passkey integration.
Management Cockpit
Centralized dashboard for passkey management and monitoring.
Client SDKs
Seamless passkey UX, edge case handling, automated device linking, ready-made UI kits.
Feature Walkthrough
See Corbado's Passkey Solution for Payment Providers in Action
Explore how Corbado seamlessly integrates into existing systems, simplifying deployment and enhancing security at scale.
Live Usage
Get the current number of created and used passkeys
Funnel Analysis
Learn and optimize login paths
Process Search
Understand the specific login path of a user
Gradual Rollout
Roll out passkeys in phases without risk
Passkey Adoption
Get activation and login rates
Passkey Insights
See where your users store their passkeys
Calculate your passkey ROI
Our passkey data lets us project your readiness, activation & login rates. Share your device traffic and login frequency and we’ll project your passkey ROI.
Start your ROI Calculation
Learn how to implement passkeys as a payment provider
Get our Payment Passkey Whitepaper!
Discover why payment providers implement phishing-resistant MFA with passkeys. Learn what’s crucial for passkey implementation, avoid mistakes and understand passkeys’ business impact.
Build vs. Buy
Higher Passkey Adoption. More Savings.
Corbado helps you achieve high passkey adoption and login rates, realizes maximum cost savings for SMS OTP and handles all the passkey implementation complexities for you.
Corbado Passkeys
DIY Passkeys
Passkey intelligence
Only offer passkey logins to users if passkeys are available
Sophisticated intelligence out-of-the-box
Requires building own logic to manage passkey availability across browsers & devices
Implementation effort
Build up WebAuthn know-how, design flows & integrate into payment infrastructure
Low effort, integrates with IAM, login APIs & checkout experiences
Significant engineering time to develop authentication logic, UX & fallback handling
Tested passkey UI/UX
Create user-friendly passkey flows optimized for payers & merchants
Pre-tested UX for login, checkout & dashboard access
Requires in-house UX research, copywriting & testing across platforms
Passkey adoption rate
Share of accounts with min. 1 passkey created (3 yrs.)
50–80% passkey adoption rate
5–10% passkey adoption rate
Passkey login rate
Share of passkey logins from accounts that have at least 1 passkey (3 yrs.)
60–90% passkey login rate
5–10% passkey login rate
Multi-channel authentication
Seamless login across dashboards, payment UIs & mobile apps
Passkeys sync across payer, merchant & admin interfaces
Requires custom integration across frontends and identity layers
Regulatory compliance
Compliance with PCI DSS, PSD2 SCA, GDPR & other data security mandates
Passkeys support compliance with pre-built SCA & data protection alignment
Requires additional in-house compliance mapping & audits
SMS OTP cost savings
How much SMS OTP savings can be achieved by passkey usage
60–90% SMS OTP cost reduction + fewer failed logins & support tickets
5–10% savings possible
See the full list how Corbado helps you achieve high passkey adoption, passkey login rates and high SMS cost savings in our full Build vs Buy Passkey Guide.
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Make your passkey project a success
How to successfully introduce Passkeys?
Read our blog posts about introducing passkeys and learn from leaders.
Talk to a Passkey Expert
See how Corbado prevents account fraud and enhances your customers’ digital experience.
Connects to your IdP / CIAM
10x higher passkey adoption
Reduced Cost