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Cardholders may face difficulties making international payments where merchants do not require two-factor authentication, which in India relies on a one-time password. RBI governor Sanjay Malhotra said the introduction of Additional Factor of Authentication (AFA) has improved digital payment security, boosting customer confidence.
So far, this requirement has been mandatory only for domestic transactions. To extend similar security to international online payments using India-issued cards, Malhotra announced plans to enable AFA for such transactions where overseas merchants support it. “This will provide an additional layer of security,” he said. A draft circular will soon be issued for stakeholder feedback. tnn
Check out the latest news about Delhi Elections 2025, including key constituencies such as Chandni Chowk, New Delhi, Kalkaji, Jangpura, Patparganj, Rohini, Rajinder Nagar, Greater Kailash, Okhla, and Dwarka.
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