Informative

RBI mandates two-factor authentication for digital payments; allows limited exemptions

Update / Judgement Date

25 Sept 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingFinancial ManagementRBI

RBI mandated two-factor authentication (2FA) for digital payments to enhance transaction security, with specified exemptions. The article details compliance requirements, technical guidelines, and impact on fintech and banking ecosystems. It underscores consumer protection, fraud mitigation, and alignment with global best practices in digital payment security.

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RBI mandates two-factor authentication for digital payments; allows limited exemptions

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