RBI mandates tougher authentication process for digital transactions
The latest RBI directions are applicable to Payment System Providers, Payment System Participants (banks and non-banks) and all domestic digital payment transactions. | Photo Credit: Getty Images/iStockphoto The Reserve Bank of India (RBI), to further secure digital payments transactions, has mandated introduction of additional risk-based checks beyond the minimum two-factor authentication by leveraging upon technological advancements….
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