News Updates

RBI Relaxes 2-Factor Authentication Norms for Transactions Under Rs. 2,000

In a bid to speed up small value online transactions, the RBI today relaxed norms for 2-factor authentication for payments up to Rs. 2,000. Relaxing the norms for 2-factor authentication requirement for transactions up to Rs. 2,000 for online CNP (card not present) transactions, the RBI said only authorised card networks will provide such payment […]