The central bank’s draft “Framework on Alternative Authentication Mechanisms for Digital Payment Transactions” aims to widen the choice of authentication factors available to payment system operators ...

The new framework aims to strengthen digital payment security while enabling smoother and more flexible processes in a rapidly digitising environment All payment service providers and partners are ...

Key Insights: Biometric authentication is migrating to e-commerce. What's at Stake: Banks face pressure to upgrade their security and payments technology. Forward Look: While there are hurdles to ...

The digital payments industry is expecting a 2-3 percentage point jump in transaction success rates as new means of authentication such as biometrics and passkeys go live on payment networks. One-time ...

Transactions will only be processed if the user completes both verification steps, meaning even if someone sees your PIN, unauthorised payments will not be able to go through ...