The Reserve Bank of India has removed its two-factor authentication requirement for small-value card-not-present transactions. The change will affect transactions up to Rs.2,000 ($30 U.S. dollars) But some critics fear the move could lead to an increase in fraud. Security experts say the financial sector must take steps to mitigate the risks raised by the new process. The move is seen as a way to facilitate easier electronic transactions for consumers and enhance the efficiency of retail payment systems.”]
Source: https://www.bankinfosecurity.com/rbi-eases-some-card-not-present-authentication-requirements-a-9589