RBI mandates two-factor authentication for digital payments from April 2026 to enhance security, reduce fraud, and protect consumers. Learn methods, timelines, and compliance details. RBI Mandates Two-Factor Authentication for Digital Payments from April 2026 Introduction to RBI’s New Digital Payment Guidelines The Reserve Bank of India (RBI) has introduced the “Authentication Mechanisms for Digital Payment…
NPCI IDRBT cybersecurity collaboration to enhance cybersecurity in India’s digital payment systems. Includes training, certification, and access to the “सचेत” threat intelligence platform. Joint MoU Aims at Fortifying the Digital Payment Ecosystem On June 17, 2025, the National Payments Corporation of India (NPCI) and the Institute for Development and Research in Banking Technology (IDRBT) signed…
Cabinet Approves PM eBus Sewa Payment Security Mechanism (PSM) Scheme Introduction to the PM eBus Sewa Payment Security Mechanism (PSM) Scheme The Cabinet has recently approved the PM eBus Sewa Payment Security Mechanism (PSM) Scheme, a significant development aimed at enhancing the payment infrastructure for electric bus services across the country. This initiative is part…
