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OTP-Based Authentication For Payments Can Be Replaced With Something New (RBI’s New Notification)

By Trak - 8 months ago

The latest monetary policy unveiled two significant fintech-focused action plans from the Reserve Bank of India governor including facilitating regulatory sandbox experiments around alternative authentication beyond OTPs and enabling offline usage support for the blockchain-based digital rupee pilots currently underway. Both intervention aims respond to ground adoption needs from convenience, security and accessibility standpoints amidst […]

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