RBI issues new rules for authentication of digital payments

RBI released new regulations for digital payment authentication, including mandatory two-factor authentication (2FA) for all transactions with certain exemptions. The article explains compliance timelines, technical guidelines, and impact on fintech and banking platforms. It discusses enhanced security, consumer protection, and reduction of fraud risks. The coverage emphasizes regulatory alignment with global standards and the evolving digital payments ecosystem in India, illustrating the central bank’s proactive approach to secure fintech operations.