Say Good Bye to OTP for Online Transaction Less Than RS 2000 | Cash Less India

By
Advertisement
After recent Maan Ki Baat from Indian Prime Minister Narendra Modi Indian Railway takes initiative about Digital India & Cash Less India. from 27th Nov 2016 when you open IRCTC official website then you can get below message in their official website.The message is written in two languages. One is our national language HINDI & another language is English.
 
  • OTP NUMBER IN AADHAR CARD
  • ONE TIME PASSWORD EXAMPLE
  • ONE TIME PASSWORD GENERATOR
  • ONE TIME PASSWORD SBI DEBIT CARD
  • OTP FULL FORM
  • ONLINE PAYMENT WITHOUT OTP
  • PAYTM
  • FREECHARGE
 
 
 
 
Here you can listen 27th Nov 2016 PM Narendra Modi's Maan ki Baat.

Demonetisation and cashless push is inspiring both public and private entities to take some big, bold and crucial steps to encourage digital transactions and to ease the inconvenience of lack of currency notes in circulation.

To do success Prime Minister Narendra Modi's Cash Less Economy already All the Banks, RBI as well as private company's are taking initiative to make cash less India.

Here you can get all types of information about Cash Less Bharat.

Read :- JIO Money - Go Cash Less with Jio Money App - Cash Less India Initiative by PM Modi.

Read:- New Security Feature on Paytm App to Protect Your Valuable Money.

Read:- Go Cash Less with Paytm Without Smart Phone - Cash Less Economy Initiative.
 
Now, to make it easier for general public to make smaller payments, Government has done away with One Time Password (OTP) authentication required for online transactions amounting to less than Rs. 2000.

No OTP For less than RS 2000 Online Transactions:-

In a major relief for cashless shoppers, Reserve Bank of India has removed the two-step authentication protocol for sub-Rs 2000 transactions. This means, that from now, all digital transactions below Rs 2000 can be done without any need of OTP.
Currently, when you make a transaction, and after you have given the card details on the merchant website, you need to enter an OTP that is sent to your registered mobile number before the transaction gets through. However, going forward that will not be the case. Going forward, customers will go through a one-time registration process with Visa Checkout and MasterCard's Master pass,  requiring entry of card details and additional factor authentication by the issuing bank.
This move by RBI was made to make things easier for cab aggregators like Uber and Ola and other online merchants to accept cards. The RBI's insistence on a second factor authentication (in the form of a one-time password, or OTP) had prompted cab aggregators to tie up with digital wallets like Paytm. While customers can even now pay by card, they need to wait for a text message containing the OTP before concluding the transaction.

However, In future, if they agree to register with the merchant, they can complete the payment by entering a password authenticated by the card network.
  • OTP NUMBER IN AADHAR CARD
  • ONE TIME PASSWORD EXAMPLE
  • ONE TIME PASSWORD GENERATOR
  • ONE TIME PASSWORD SBI DEBIT CARD
  • OTP FULL FORM
  • ONLINE PAYMENT WITHOUT OTP
  • PAYTM
  • FREECHARGE

Purpose of Cash Less Bharat (The Website):-

This website www.CashLessBharat.in is created to support Cash Less India Initiative by Indian Prime Minister Mr.Narendra Modi. We are here in the edge of Digitalisation of India. If you want to know more about How Digitalisation can make your life simple then do subscribe us with your email id. Whenever we publish any article on Digitalisation of India / Cash Less India - it will directly deliver to your email address automatically.

If you really support PM Narendra Modi Digital India initiative then share this article in all your social media account. That will help many others to learn & help to step a head about Cash Less India.

0 comments:

Post a Comment