Question

What proposal did the Reserve Bank of India (RBI) issue

Q: Answer-What proposal did the Reserve Bank of India (RBI) issue to enhance digital-payment security?

The RBI proposed Alternative Factor Authentication for all transactions to enhance digital-payment security, requiring an additional robust and dynamically created authentication factor usable only once.

to enhance digital-payment security?

A Implementing biometric authentication for all transactions

B Proposing Alternative Factor Authentication for all transactions

C Increasing cybersecurity measures in digital banking

D Introducing a new digital payment gateway

E Mandating the use of blockchain technology for payments

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What proposal did the Reserve Bank of India (RBI) issue

Solution