OTP Frauds: While contours of the solution is still being worked upon with telcos, SIM location of a customer can be verified real time and matched with the geolocation of delivery of an OTP. Banks also have their own data on customers’ residences. So, capabilities will need to be built to triangulate the data in real time, one of the executives said.
Mastercard and Google Pay Come together to Facilitate Tokenization for Card-based Payments across India : Rashtra News The companies work together to provide consumers choice - strengthening the ease, safety, and security of digital payments in India Mastercard cards on Axis Bank, Federal Bank, HDFC Bank, HSBC, RBL Bank, and SBI Card are live