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AFA for International Transactions
February 14 , 2025
2 days
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- RBI announced the implementation of Additional Factor Authentication (AFA) for cross-border “Card Not Present” (CNP) transactions.
- AFA has already proved its effectiveness in reducing fraud in the domestic digital payment ecosystem.
- Until now, AFA was not mandated for international transactions.
- Now, AFA will be a must at the time of mandate registration, modification, or deletion.
- Under the new system, even for auto-debits Customers will need to approve the payment via an OTP or another authentication method, as mandated by their bank.
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