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Bolt Group selected as Australia's first issuer in Mastercard Payment Passkey rollout

Sep 2026

Bolt Group selected as Australia's first issuer in Mastercard Payment Passkey rollout

Sydney, Australia – September 2026 – Bolt Group today announced it is the first issuer in Australia selected by Mastercard to take part in the rollout of Mastercard Payment Passkey, which lets customers approve online payments with Face ID or a fingerprint instead of passwords and SMS codes.

The check happens on the customer's own device, and their biometric data never leaves it. It allows them to checkout quicker without waiting for a one-time code, and it's harder for scammers to exploit because there's no code to intercept or password to phish.

The rollout is also a step towards Mastercard Agent Pay, which is designed to let AI agents complete purchases on a customer's behalf. Under that model, the customer gives a biometric approval before an agent can transact, so a person stays in control of automated payments.

Media enquiries: pr@bolt.net

Bano Pty Ltd (trading as Bolt Financial Group) (ABN 93 643 260 431) is a company registered in Australia and is licensed by ASIC (AFSL No. 536984). Bano is not a bank or authorised deposit-taking institution. Any information provided on this website is for general purposes only and does not take into account your objectives, financial situation or needs. You should consider the appropriateness of the information in light of your own objectives, financial situation or needs. Please read and consider the Financial Services Guide, Product Disclosure Statement and Target Market Determination.

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