The Reserve Bank of India published new authentication standards for digital payment systems on Thursday. These regulations take effect April 1, 2026, after authorities reviewed public comments and made adjustments. The central bank promotes advanced technology solutions while maintaining current SMS verification methods.
Financial institutions must implement dual authentication processes for all digital transactions. Banks can add extra security measures based on fraud risk assessments for specific payments. Card companies must verify additional authentication factors when foreign merchants request validation during international transactions.
Payment providers will offer authentication services to all applications within their systems. The framework requires dynamic authentication elements that remain unique to each transaction. One authentication factor must generate fresh verification data that cannot be reused across multiple payments.
Financial institutions must implement dual authentication processes for all digital transactions. Banks can add extra security measures based on fraud risk assessments for specific payments. Card companies must verify additional authentication factors when foreign merchants request validation during international transactions.
Payment providers will offer authentication services to all applications within their systems. The framework requires dynamic authentication elements that remain unique to each transaction. One authentication factor must generate fresh verification data that cannot be reused across multiple payments.
