Section

New ways to verify digital payments other than OTP; RBI proposes principle-based authentication

By Economic Times - 9 months ago
RBI Governor Shaktikanta Das said while announcing the decisions of the Monetary Policy Committee (MPC) on February 8, 2024, "... to facilitate alternative authentication mechanisms for enhancing the security of digital payments, it is proposed to put in place a principle-based framework for authentication of such transactions."

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.