Why just SMS-based OTPs? RBI proposes new authentication methods for digital payments; details here

According to Abhishek Kumar, a SEBI-registered investment advisor, RBI-regulated entities will have the flexibility to use alternative authentication methods for digital payments, such as TOTPs generated through algorithms. Detailed instructions to be provided.

Feb 8, 2024 - 08:00
Why just SMS-based OTPs? RBI proposes new authentication methods for digital payments; details here
According to Abhishek Kumar, a SEBI-registered investment advisor, RBI-regulated entities will have the flexibility to use alternative authentication methods for digital payments, such as TOTPs generated through algorithms. Detailed instructions to be provided.