MUMBAI, India, Sept. 25 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has today issued Reserve Bank of India (Authentication Mechanisms for Digital Payment Transactions) Directions, 2025.
RBI had issued draft directions on Alternative Authentication Mechanisms for Digital Payment Transactions on July 31, 2024 and draft directions on introduction of Additional Factor of Authentication (AFA) in cross-border Card Not Present (CNP) transactions on February 07, 2025, for stakeholder comments.
Feedback from the public has been examined and suitably incorporated in the final directions. The directions, inter alia, focus on the following:
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Encouraging introduction of new factors of authenticatio...