#RBI

India contemplates compulsory dynamic 2FA for digital payments

by

August 1, 2024 at 11:37PM India’s central bank proposed new requirements for second authentication factors for digital payments, aiming to move beyond SMS OTP to consider biometrics, pins, passphrases, and hardware or software tokens. It prioritizes dynamic generation and single-use to enhance security, allowing banks to choose the AFA while mandating compliance and exceptions for … Read more

India to make its digital currency programmable

by

February 9, 2024 at 12:26AM The Reserve Bank of India announced plans to make its digital currency programmable and capable of offline use. This follows the successful launch of the CBDC retail pilot, enabling various transactions. The new functions will be gradually introduced through pilot programs. The RBI also outlined scenarios for the programmable digital … Read more