What new security measure is the Reserve Bank of India introducing for cross-border "Card Not Present" (CNP) transactions?
Additional Factor of Authentication (AFA)
Why in the news?
“RBI Enhances Security for International Online Payments with Additional Authentication"
The Reserve Bank of India (RBI) has announced plans to introduce an Additional Factor of Authentication (AFA) for cross-border "Card Not Present" (CNP) transactions. This measure aims to enhance the security of online payments, particularly for international transactions where the physical card is not present.
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