Mumbai, Feb. 12 -- In a significant move to strengthen the digital payment security framework, the Reserve Bank of India (RBI) has proposed to enable additional factor authentication (AFA) for international card-not-present (CNP) transactions.

The move aims to provide Indian consumers with an additional layer of security when dealing with foreign merchants, ensuring a safety net comparable to domestic transactions, where additional factor authentication is already mandatory.

The RBI will soon issue a draft circular to invite feedback from stakeholders.

Instances of fraud in international card transactions typically involve unauthorized charges made on foreign websites where minimal authentication is required. This has exposed Indian ca...