RBI will mandate dynamic two factor authentication from April 1 to curb digital payment fraud, raising issuer liability and pushing banks, fintechs and merchants to adopt stronger security.
3 Min Read
Ram Rastogi, Chairman, Governance Council at FACE, said the ecosystem is at an inflection point where sustaining growth will depend on balancing convenience with trust.
He noted that as adoption deepens—especially among first-time users—security systems must become stronger while remaining intuitive and frictionless. He also highlighted that nearly 65% of reported digital payment frauds involve amounts below ₹50,000, indicating that everyday users face the highest exposure to small-ticket, high-frequency risks.
Rastogi added that fraud patterns are shifting from system breaches to user-targeted tactics, stressing the need for evolving regulatory safeguards that operate seamlessly in the background.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Readers should consult certified experts before making any investment decisions.
First Published: Mar 29, 2026 7:55 AM IST
