RBI issues two-factor check norms

RBI released guidelines for alternative authentication methods for digital payments, specifying dynamically generated options. While OTPs have been effective, new technologies offer alternatives. RBI indicated that authentication should rely on something the user knows, has, or is. This aims to enhance security and adaptability in the digital payments ecosystem.

Aug 1, 2024 - 07:30
RBI issues two-factor check norms
RBI released guidelines for alternative authentication methods for digital payments, specifying dynamically generated options. While OTPs have been effective, new technologies offer alternatives. RBI indicated that authentication should rely on something the user knows, has, or is. This aims to enhance security and adaptability in the digital payments ecosystem.