RBI to streamline Aadhar-enabled payment system, introduce a

RBI to streamline Aadhar-enabled payment system, introduce additional risk management measures

Right now, there is no two factor authentication for Aadhar enabled payments, which is risky and the cause for many frauds. The customer can pay the merchant by entering their Aadhar number and biometrics like fingerprints and iris. Fraud with iris happens more to older people, as fingerprints become difficult to capture with age.

Related Keywords

India , Rajesh Londhe , T Rabi Sankar , National Payments Corporation Of India , Reserve Bank , National Payments Corporation , Deputy Governor , Ankit Ratan , Monetary Policy , Rbi , Aaadhar Enabled Payment System , Fraud , Repo Rate , Payments ,

© 2025 Vimarsana