RBI issues directions for digital payment transaction authentication mechanism

The Reserve Bank of India (RBI) has released its guidelines on the authentication mechanism framework for digital payment transaction authentication. These directions will come into effect from April 1, 2026, unless stated otherwise for specific provisions, the RBI says in a statement.

In its statement, the Reserve Bank has highlighted the key areas such as authentication factors, mandatory two-factor authentication, risk-based checks, validation of additional authentication in cross-border transactions, promoting interoperability, and the responsibilities of issuers.