RBI issues two-factor check norms
RBI has said that any alternative to the SMS-based OTP as an additional factor of authentication should be dynamically generated.
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digital payments
RBI issues norms to improve safety of payment systems
The RBI said non-bank payment system operators will have to put in place a real-time fraud monitoring solution to identify
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Rising frauds in digital payments
Banks have witnessed maximum number of frauds in digital payment category during the fiscal ended 2023-24, according to the RBI
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NPCI to introduce new digital payments product for feature phones
National Payments Corporation of India has recently stated that it is working on a digital payments product for feature phone
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New Regulations set by RBI in the wake of banking fraud
With an objective to tighten security on digital payments, RBI has recently issued a new set of rules which are
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RBI launches ombudsman scheme for digital payments
RBI has launched an ombudsman scheme to tackle frauds associated with digital transactions. The banking regulator had indicated in December
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