New Delhi, April 1 -- With the start of the new financial year today, a set of other key reforms has come into force. Starting April 1, all digital payment transactions in India are required to meet the norms of two-factor authentication (2FA), as directed by the Reserve Bank of India.

Under the new rule, entering a UPI PIN alone will no longer be sufficient to complete a payment. Users will now need to undergo two-factor authentication, meaning a second layer of verification will be required.

This additional step could include a One-Time Password (OTP), fingerprint authentication, or facial recognition. A transaction will only be processed once both verification steps are successfully completed, ensuring that even if a PIN is compromis...