PayPal is finally bringing secure payments with passkeys on Google Android devices. It is the same system that other players are pushing for where you will be able to login without putting in your password. This is an advancement to its previous rollout of this feature on iOS devices that was announced in October last year.
Passkeys are a creation of FIDO Alliance and the World Wide Web Consortium that aims at providing an alternative to passwords. The idea behind this is to replace passwords with cryptographic key pairs that offers clients a quick and safe method to use PayPal using phishing-resistant technology that prevents the sharing of passkey information between platforms.
PayPal is a founding member of the FIDO Alliance and one of the first finance companies to bring secure payments with passkeys on Google Android devices. Passkeys are said to create a security standard that will be able to potentially address a serious concern on web because password authentication is quite weak and highly susceptible to “phishing, credential stuffing, and other remote attacks”
Right now, the service is only available in the U.S. that too only on Android mobile web. Android 9+ users will now be able to create a passkey on Google Chrome browser for their PayPal account. After creating a passkey users will no longer have to remember and put in their password every single time they login.
Create a PayPal Passkey on Android
1. Login to PayPal account using current credentials (username and password) on your Android 9+ device.
2. An option to “create a passkey” will appear if your personal PayPal account is eligible for the same. Also, you will be asked to authenticate similar to the way you unlock your device creating a passkey.
3. After this you will be directed to the home screen. From here you can start using passkeys after it gets enabled for your personal PayPal account.
Source: PayPal Newsroom