Global payments services provider PayPal has launched its popular OneTouch technology in India using Google Smart Lock that removes the hassle of repeatedly needing to log in and thereby offering a frictionless payments experience.
India will be the first market where the feature will be integrated Google Smart Lock.OneTouch allows consumers to register their Android device with PayPal and enables them to stay logged into the platform for all subsequent PayPal purchases on that device, the company said in a statement.
Narsi Subramanian, Director, Growth, PayPal India said, “As payment systems evolve, it is essential for the platforms to simplify the process and render better user experiences for consumers while paying online. At the same time, it is critical that customers feel secure in making their transactions as well.”
Consumers, however, once logged in will still need to go through the 2FA step to complete the transaction as per applicable regulations.
With OneTouch, consumers will no longer have to retrieve their credit and debit card details to make purchases on their smartphones. The integration with Google SmartLock will enable greater convenience while maintaining security, by keeping their phones or tablets locked when it is not with them and thereby reducing the possibility of fraud.
“When consumers link their Google and PayPal accounts, it eliminates the need to re-enter passwords and thereby offering a faster check-out experience,” said Kishore Konakanchi, Head of Product & Engineering, PayPal India.
Date: May 07, 2019