The Reserve Bank of India (RBI) is set to do away with the OTP (one time password) based authentication. As of now, the banking regulator has not issued any detailed guidelines. The plan has been ...

The Reserve Bank of India is phasing out its long-standing reliance on SMS-based one-time passwords (OTP), moving the country’s entire digital payments industry to a broader, risk-based framework for ...

RBI urges banks to explore alternatives to SMS-based OTPs for second-factor authentication due to susceptibility to fraud. Options include authenticator apps and tokens within mobile apps, but all ...

Very soon, Aadhar-authenticated users will be able to book their train tickets under the Tatkal scheme from July 1, 2025 the Railway Ministry said. In a circular issued June 10, 2025, the Railway ...

The Reserve Bank of India (RBI) on Thursday said that it will float a new way to verify digital payments other than One Time Passwords (OTP). The central bank over the years has given priority to the ...

As part of the partnership, Truecaller’s phone number verification SDK will be integrated into the Restroworks ecosystem. The ...

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 ...

WhatsApp has been using SMS-based OTPs for account registration since its existence. However, sending an authentication code over SMS can have security implications and stands the risk of failed ...

Western Railway has expanded its OTP-based Tatkal ticket authentication system to four additional trains, making mobile verification mandatory before ticket confirmation. Western Railway has announced ...

As transactions have grown increasingly digital, service providers rarely (if ever) come face-to-face with their customers. This means that without reliable means of authentication, they have no way ...