The Morning Brief ET World Leaders Forum: Rajat Taneja on Visa’s Credit Card Crossover
Sep 4, 2025
Rajat Taneja, President of Technology at Visa, shares insights on India's revolutionary role in the digital payment landscape. He discusses the trillion-dollar opportunity, emphasizing AI's role in enhancing fraud prevention and security. Taneja highlights innovations like biometrics and tokenized credentials while addressing the limitations of traditional one-time passwords. He advocates for regulatory cooperation to ensure safer transactions, and underscores India's importance in Visa’s global R&D efforts, paving the way for a more inclusive financial future.
AI Snips
Chapters
Transcript
Episode notes
Cards As Tokenized Modern Credentials
- Visa treats cards as a modern, tokenized credential that overlays any payment type for a single consumer identity.
- This approach enables interoperability with networks like UPI and protects consumers across channels.
Replace OTPs With Biometrics And Tokens
- Move beyond OTPs and adopt biometrics, passkeys and one‑click flows to reduce fraud and friction.
- Use tokenization and trusted third parties to give users security and peace of mind.
Generative AI Enables Digital Twins For Commerce
- Generative AI enables digital twins and agentic experiences that can do commerce tasks and protect users.
- Platforms must provide AI-ready credentials with transparency, privacy, fairness and compliance.