Indian Banks Reluctant to look for OTP Alternative for Digital Payments

Indian banks have shown reluctance to explore alternatives to one-time passwords (OTPs) for digital payments, despite growing concerns about OTP security. The article discusses the challenges and risks associated with OTPs and the potential benefits of alternative authentication methods. It highlights the banks' hesitation to adopt new technologies due to cost and implementation concerns. The article emphasizes the need for innovation in digital payment security and the barriers to change within the banking industry.