Online Transactions Likely To Be Affected By TRAI New Guidelines From November 1 Check Rules Here
Date
10/26/2024 7:00:29 AM
(MENAFN- Live Mint) Telecom operators have raised concerns over new instructions by the telecom regulator, which is likely to affect the delivery of important service messages, including one-time passwords (OTPs) for online transactions , from November 1, reported the news portal NDTV on Saturday, October 26.
The guidelines state that telecom operators must ensure that messages sent from the Principal Entities (PEs) to customers can be tracked. The new rules will come into effect on November 1, reported the news portal.
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The concerns over the guidelines from the Telecom Regulatory Authority of India (TRAI ) focus on customers who may potentially face difficulty with services like online payments, delivery of parcels, etc, as transactions are linked with OTPs, as per the report.
The TRAI guidelines will be applicable across categories, including banks , e-commerce platforms and financial institutions. The portal also reported that this means any messages with mismatched sender details or without a clear sender identity will be blocked.
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The news portal Economic Times reported that the telecom providers have raised concerns over the implementation of new guidelines as the telemarketers and PEs do not have the necessary technology to follow the new rule, as per the report.
The telecom companies have asked the regulator to extend the deadline by a minimum of two months, according to the report.
OTPs play a major role in securing online transactions and ensuring that only authorised personnel can make the payments. As per the news portal's report, preparations are underway to introduce an alternative safety measure to prevent fraud.
Request for more time
Telecom operators informed TRAI that the telemarketers and PEs are lagging and require additional time to ensure appropriate scrubbing of the messaging traffic to minimise any disruption. The telcos told TRAI that their system was ready for the November 1 deadline, according to the report.
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