RBI is planning to change the OTP you use to authenticate your transaction, here’s how

Despite the popularity of SMS-based OTP, it is not foolproof, as evidenced by the recorded cases of fraud UPI transactions. The proposed principle-based framework seeks to improve the security of digital transactions and may encourage the use of other authentication methods like app-based approval and biometric authentication.

RBI is planning to change the OTP you use to authenticate your transaction, here’s how
Despite the popularity of SMS-based OTP, it is not foolproof, as evidenced by the recorded cases of fraud UPI transactions. The proposed principle-based framework seeks to improve the security of digital transactions and may encourage the use of other authentication methods like app-based approval and biometric authentication.