RBI Proposes New Digital Payment Fraud Safeguards

On 9th April 2026, the Reserve Bank of India (RBI) issued a discussion paper proposing enhanced safeguards in digital payments, aimed at mitigating fraud risks, particularly in Authorised Push Payment (APP) transactions.

Why Did RBI Propose Introducing New Safeguards?

  • Surge in "Authorised Push-Payment" (APP) Frauds: Digital transactions (including UPI, IMPS, and card payments) have grown 38-fold in the last decade.
    • APP frauds have increased, with scammers manipulating victims into voluntarily transferring money, often in real-time.
  • Vulnerability of Digital Public Infrastructure (DPI): India leads the world in real-time digital payments, accounting for nearly 49% of global transactions.

Key Proposed Safeguards

One-Hour ....

Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy June 2026 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content