{"id":56507,"date":"2024-02-09T10:51:31","date_gmt":"2024-02-09T10:51:31","guid":{"rendered":"https:\/\/authbridge.com\/staging\/?p=56507"},"modified":"2024-02-09T11:51:11","modified_gmt":"2024-02-09T11:51:11","slug":"rbi-digital-payments-verification-beyond-otp","status":"publish","type":"post","link":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/","title":{"rendered":"Beyond OTP: RBI Hints At New Alternatives For Digital Payments Verification"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"56507\" class=\"elementor elementor-56507\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-28af186 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"28af186\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-50bddd2\" data-id=\"50bddd2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a342f96 elementor-widget elementor-widget-text-editor\" data-id=\"a342f96\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 26-05-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">For millions of Indians, the familiar chime of an incoming message and the sight of a six-digit code have become synonymous with security in the digital age. One-time passwords (OTPs), delivered conveniently via SMS, have served as the gatekeepers of our online transactions, guarding access to bank accounts, e-wallets, and countless digital services. Yet, like any system, their vulnerabilities become increasingly evident with time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In their recent press release, dated February 8th, 2024, titled &#8220;<\/span><b>Statement on Developmental and Regulatory Policies&#8221;, <\/b><span style=\"font-weight: 400;\">the Reserve Bank of India (RBI) hinted at a few changes, paving the way for a more secure and dynamic future of digital payments. The RBI proposed a <\/span><b>principle-based framework for the authentication of digital payment transactions<\/b><span style=\"font-weight: 400;\">, hinting a significant shift away from the ubiquitous SMS-based OTP multi-factor authentication method for digital payment transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking at the monetary policy statement address RBI Governor Mr. Shaktikanta Das stated, &#8220;To facilitate adoption of alternative authentication mechanisms for enhancing the security of digital payments, it is proposed to put in place a principle-based framework for authentication of such transactions.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While their convenience is undeniable, OTPs have their challenges. Phishing scams and SIM-swapping exploits have exposed their susceptibility to manipulation, leading to fraudulent transactions and financial losses. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-236b9ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"236b9ed\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a4df5c7\" data-id=\"a4df5c7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0fb9430 elementor-widget elementor-widget-text-editor\" data-id=\"0fb9430\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong>Embracing Innovation: A Diverse Authentication Landscape<\/strong><\/h2><p><span style=\"font-weight: 400;\">The proposed framework reflects the RBI&#8217;s understanding that a single technology cannot effectively address the evolving security landscape. By adopting a principle-based approach, they aim to facilitate the use of alternative, more secure and user-friendly authentication methods. This opens doors to a spectrum of possibilities, including:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Biometric Authentication:<\/b><span style=\"font-weight: 400;\"> Utilizing fingerprints, iris scans, or facial recognition for a secure and personalized experience.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Token-based systems:<\/b><span style=\"font-weight: 400;\"> Employing hardware tokens or software solutions to generate unique, one-time codes for authorization.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Push Notifications:<\/b><span style=\"font-weight: 400;\"> Receiving secure in-app prompts requiring confirmation for transactions, eliminating the need for traditional passwords.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Risk-based authentication:<\/b><span style=\"font-weight: 400;\"> Tailoring authentication methods based on individual transaction details and user profiles for a dynamic approach.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Imagine choosing your preferred authentication method based on your needs and comfort level, fostering a more inclusive and personalised digital payment environment.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f8a28f0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f8a28f0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-69dbb60\" data-id=\"69dbb60\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef2b94e elementor-widget elementor-widget-text-editor\" data-id=\"ef2b94e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong>Challenges and Opportunities<\/strong><\/h2><p><span style=\"font-weight: 400;\">This transformative journey presents both challenges and opportunities. Payment providers will need to invest in infrastructure and user education. Regulatory oversight and industry collaboration will be crucial to ensure a smooth and secure transition. Here are some key aspects to consider:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Technology Adoption:<\/b><span style=\"font-weight: 400;\"> Identifying and integrating robust and cost-effective authentication solutions.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Standardisation:<\/b><span style=\"font-weight: 400;\"> Ensuring interoperability between different providers and technologies.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>User Education:<\/b><span style=\"font-weight: 400;\"> Building awareness and trust in new authentication methods.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Data Privacy:<\/b><span> Implementing robust data security protocols and addressing user concerns.<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6d74c88 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6d74c88\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b7a7f1f\" data-id=\"b7a7f1f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dcc2898 elementor-widget elementor-widget-text-editor\" data-id=\"dcc2898\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong>Other Important Announcements<\/strong><\/h2><p><span style=\"font-weight: 400;\">Apart from this proposal on a <\/span><b>Principle-based Framework for Authentication of Digital Payment Transactions, <\/b><span style=\"font-weight: 400;\">the RBI also proposed a few measures to <\/span><b>enhance the Robustness of the Aadhaar Enabled Payment System (AePS). <\/b><span style=\"font-weight: 400;\">To enhance the security of AePS transactions, the RBI has proposed to streamline the onboarding process, including <\/span><a href=\"https:\/\/authbridge.com\/staging\/solutions\/due-diligence\/\"><span style=\"font-weight: 400;\">mandatory due diligence<\/span><\/a><span style=\"font-weight: 400;\">, for AePS touchpoint operators, that has to be followed by banks. The RBI has also added that they will also consider additional fraud risk management requirements. The banking regulator said that the instructions about the AePS will be issued shortly. Both of these measures are expected to help in controlling the different frauds in the system.<\/span><\/p><p><span style=\"font-weight: 400;\">The RBI&#8217;s proposal marks a significant turning point in India&#8217;s digital payment journey. As we move beyond the era of OTPs, a future beckons where security and convenience go hand-in-hand. By embracing innovation, prioritising user safety, and collaborating actively, we can collectively build a digital payment ecosystem that is not only accessible but also trustworthy and resilient.<\/span><\/p><h2><strong>About AuthBridge<\/strong><\/h2><p><span style=\"font-weight: 400;\">With over 18 years of experience in the industry, AuthBridge has been at the forefront of creating databases, conducting data mining and live scraping of data, and building algorithms to enable instant searches to perform background checks without compromising on data security. AuthBridge is trusted by over 2,000 clients in 140 countries in industries like <\/span><a href=\"https:\/\/authbridge.com\/staging\/industries\/banking\/\"><span style=\"font-weight: 400;\">BFSI<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/authbridge.com\/staging\/industries\/manufacturing\/\"><span style=\"font-weight: 400;\">Manufacturing<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/authbridge.com\/staging\/industries\/e-commerce-and-retail\/\"><span style=\"font-weight: 400;\">e-commerce<\/span><\/a><span style=\"font-weight: 400;\"> and more, for their various needs. Our database contains over 1 billion proprietary data records for conducting background checks and we conduct an impressive volume of 15 million background checks every month.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>For millions of Indians, the familiar chime of an incoming message and the sight of a six-digit code have become synonymous with security in the digital age. One-time passwords (OTPs), delivered conveniently via SMS, have served as the gatekeepers of our online transactions, guarding access to bank accounts, e-wallets, and [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":56555,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[134,22,43],"tags":[158,163,161,157,156,160,162,164],"class_list":["post-56507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-check","category-ecommerce","category-industry-updates","tag-digital-payment","tag-fintech","tag-innovation","tag-otp","tag-rbi","tag-security","tag-technology","tag-token-based-authorisation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Beyond OTP: RBI Mulls New Options For Digi-Payments Verification<\/title>\n<meta name=\"description\" content=\"The Reserve Bank Of India has hinted at explore new-age options to verify digital payments, in a bid to move beyond OTPs.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beyond OTP: RBI Hints At New Alternatives For Digital Payments Verification\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank Of India has hinted at explore new-age options to verify digital payments, in a bid to move beyond OTPs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/\" \/>\n<meta property=\"og:site_name\" content=\"AuthBridge\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-09T10:51:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-09T11:51:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/02\/Blog-Template_RBI_2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abhinandan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@authbridge\" \/>\n<meta name=\"twitter:site\" content=\"@authbridge\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abhinandan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/\"},\"author\":{\"name\":\"Abhinandan\",\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/#\\\/schema\\\/person\\\/851bdaed2d0308398e2ddbfe72beeeab\"},\"headline\":\"Beyond OTP: RBI Hints At New Alternatives For Digital Payments Verification\",\"datePublished\":\"2024-02-09T10:51:31+00:00\",\"dateModified\":\"2024-02-09T11:51:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/\"},\"wordCount\":691,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Blog-Template_RBI_2.jpg\",\"keywords\":[\"Digital Payment\",\"Fintech\",\"Innovation\",\"OTP\",\"RBI\",\"Security\",\"technology\",\"Token based authorisation\"],\"articleSection\":[\"Digital Check\",\"Ecommerce\",\"Industry Updates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/\",\"url\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/\",\"name\":\"Beyond OTP: RBI Mulls New Options For Digi-Payments Verification\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Blog-Template_RBI_2.jpg\",\"datePublished\":\"2024-02-09T10:51:31+00:00\",\"dateModified\":\"2024-02-09T11:51:11+00:00\",\"description\":\"The Reserve Bank Of India has hinted at explore new-age options to verify digital payments, in a bid to move beyond OTPs.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/#primaryimage\",\"url\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Blog-Template_RBI_2.jpg\",\"contentUrl\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Blog-Template_RBI_2.jpg\",\"width\":1200,\"height\":630,\"caption\":\"RBI OTP Future Plan\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/rbi-digital-payments-verification-beyond-otp\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/wptesting.authbridge.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Beyond OTP: RBI Hints At New Alternatives For Digital Payments Verification\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/#website\",\"url\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/\",\"name\":\"AuthBridge\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/#organization\",\"name\":\"AuthBridge\",\"url\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/authbridge-site-icon.png\",\"contentUrl\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/authbridge-site-icon.png\",\"width\":1,\"height\":1,\"caption\":\"AuthBridge\"},\"image\":{\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/authbridge\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/#\\\/schema\\\/person\\\/851bdaed2d0308398e2ddbfe72beeeab\",\"name\":\"Abhinandan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/wp-content\\\/litespeed\\\/avatar\\\/f798fef64278f728f36f28e27353f7c4.jpg?ver=1776296379\",\"url\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/wp-content\\\/litespeed\\\/avatar\\\/f798fef64278f728f36f28e27353f7c4.jpg?ver=1776296379\",\"contentUrl\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/wp-content\\\/litespeed\\\/avatar\\\/f798fef64278f728f36f28e27353f7c4.jpg?ver=1776296379\",\"caption\":\"Abhinandan\"},\"url\":\"https:\\\/\\\/authbridge.com\\\/staging\\\/resources\\\/blogs\\\/author\\\/abhinandan\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Beyond OTP: RBI Mulls New Options For Digi-Payments Verification","description":"The Reserve Bank Of India has hinted at explore new-age options to verify digital payments, in a bid to move beyond OTPs.","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Beyond OTP: RBI Hints At New Alternatives For Digital Payments Verification","og_description":"The Reserve Bank Of India has hinted at explore new-age options to verify digital payments, in a bid to move beyond OTPs.","og_url":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/","og_site_name":"AuthBridge","article_published_time":"2024-02-09T10:51:31+00:00","article_modified_time":"2024-02-09T11:51:11+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/02\/Blog-Template_RBI_2.jpg","type":"image\/jpeg"}],"author":"Abhinandan","twitter_card":"summary_large_image","twitter_creator":"@authbridge","twitter_site":"@authbridge","twitter_misc":{"Written by":"Abhinandan","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/#article","isPartOf":{"@id":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/"},"author":{"name":"Abhinandan","@id":"https:\/\/authbridge.com\/staging\/#\/schema\/person\/851bdaed2d0308398e2ddbfe72beeeab"},"headline":"Beyond OTP: RBI Hints At New Alternatives For Digital Payments Verification","datePublished":"2024-02-09T10:51:31+00:00","dateModified":"2024-02-09T11:51:11+00:00","mainEntityOfPage":{"@id":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/"},"wordCount":691,"commentCount":0,"publisher":{"@id":"https:\/\/authbridge.com\/staging\/#organization"},"image":{"@id":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/#primaryimage"},"thumbnailUrl":"https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/02\/Blog-Template_RBI_2.jpg","keywords":["Digital Payment","Fintech","Innovation","OTP","RBI","Security","technology","Token based authorisation"],"articleSection":["Digital Check","Ecommerce","Industry Updates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/","url":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/","name":"Beyond OTP: RBI Mulls New Options For Digi-Payments Verification","isPartOf":{"@id":"https:\/\/authbridge.com\/staging\/#website"},"primaryImageOfPage":{"@id":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/#primaryimage"},"image":{"@id":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/#primaryimage"},"thumbnailUrl":"https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/02\/Blog-Template_RBI_2.jpg","datePublished":"2024-02-09T10:51:31+00:00","dateModified":"2024-02-09T11:51:11+00:00","description":"The Reserve Bank Of India has hinted at explore new-age options to verify digital payments, in a bid to move beyond OTPs.","breadcrumb":{"@id":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/#primaryimage","url":"https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/02\/Blog-Template_RBI_2.jpg","contentUrl":"https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2024\/02\/Blog-Template_RBI_2.jpg","width":1200,"height":630,"caption":"RBI OTP Future Plan"},{"@type":"BreadcrumbList","@id":"https:\/\/authbridge.com\/staging\/resources\/blogs\/rbi-digital-payments-verification-beyond-otp\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wptesting.authbridge.com\/"},{"@type":"ListItem","position":2,"name":"Beyond OTP: RBI Hints At New Alternatives For Digital Payments Verification"}]},{"@type":"WebSite","@id":"https:\/\/authbridge.com\/staging\/#website","url":"https:\/\/authbridge.com\/staging\/","name":"AuthBridge","description":"","publisher":{"@id":"https:\/\/authbridge.com\/staging\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/authbridge.com\/staging\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/authbridge.com\/staging\/#organization","name":"AuthBridge","url":"https:\/\/authbridge.com\/staging\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/authbridge.com\/staging\/#\/schema\/logo\/image\/","url":"https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2023\/09\/authbridge-site-icon.png","contentUrl":"https:\/\/authbridge.com\/staging\/wp-content\/uploads\/2023\/09\/authbridge-site-icon.png","width":1,"height":1,"caption":"AuthBridge"},"image":{"@id":"https:\/\/authbridge.com\/staging\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/authbridge"]},{"@type":"Person","@id":"https:\/\/authbridge.com\/staging\/#\/schema\/person\/851bdaed2d0308398e2ddbfe72beeeab","name":"Abhinandan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/authbridge.com\/staging\/wp-content\/litespeed\/avatar\/f798fef64278f728f36f28e27353f7c4.jpg?ver=1776296379","url":"https:\/\/authbridge.com\/staging\/wp-content\/litespeed\/avatar\/f798fef64278f728f36f28e27353f7c4.jpg?ver=1776296379","contentUrl":"https:\/\/authbridge.com\/staging\/wp-content\/litespeed\/avatar\/f798fef64278f728f36f28e27353f7c4.jpg?ver=1776296379","caption":"Abhinandan"},"url":"https:\/\/authbridge.com\/staging\/resources\/blogs\/author\/abhinandan\/"}]}},"_links":{"self":[{"href":"https:\/\/authbridge.com\/staging\/wp-json\/wp\/v2\/posts\/56507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/authbridge.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/authbridge.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/authbridge.com\/staging\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/authbridge.com\/staging\/wp-json\/wp\/v2\/comments?post=56507"}],"version-history":[{"count":43,"href":"https:\/\/authbridge.com\/staging\/wp-json\/wp\/v2\/posts\/56507\/revisions"}],"predecessor-version":[{"id":56552,"href":"https:\/\/authbridge.com\/staging\/wp-json\/wp\/v2\/posts\/56507\/revisions\/56552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/authbridge.com\/staging\/wp-json\/wp\/v2\/media\/56555"}],"wp:attachment":[{"href":"https:\/\/authbridge.com\/staging\/wp-json\/wp\/v2\/media?parent=56507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/authbridge.com\/staging\/wp-json\/wp\/v2\/categories?post=56507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/authbridge.com\/staging\/wp-json\/wp\/v2\/tags?post=56507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}