RBI introduces new authentication measures for online payments and secure domain names to combat fraud.
The Reserve Bank of India (RBI) will introduce an Additional Factor of Authentication (AFA) for international online payments to prevent fraud, requiring an OTP or biometric verification. RBI Governor Sanjay Malhotra also plans to launch secure 'bank.in' and 'fin.in' domain names for banks and financial entities to enhance digital security, starting in April. These measures aim to boost trust in digital financial services amid rising cyber threats.
2 months ago
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