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⍰ ASK What is the role of encryption in EMIs?

EMIs guarantee the safety of digital transactions through encryption, which safeguards information while it is being transmitted. Multi-factor authentication verifies the identity of users, preventing any unauthorized entry. Sophisticated systems to detect fraud are implemented to identify and mitigate any suspicious activities. Compliance with regulatory standards and security guidelines ensures protection of customer data. These combined measures enhance the overall security of electronic transactions facilitated by EMIs, creating a secure and reliable digital payment ecosystem.
 

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