India, April 19 -- In today's digital era, ensuring the security of online transactions is paramount. While One-Time Passwords (OTPs) have traditionally been the go-to method for verifying digital payments, technological advancements have paved the way for alternative and more sophisticated verification methods. Here, we delve into the latest innovations reshaping the landscape of digital payment verification.

Amit Kumar, CTO, Easebuzz

SMS-based OTPs, while widely used, have limitations. Recognizing this, the Reserve Bank of India (RBI) has proposed a shift towards a principle-based framework for authentication of digital transactions. RBI is in the process of formulating the principle based framework, and guidelines for alternative pay...