RBI Proposes to Set Up a ‘Digital Payments Intelligence Platform’ to Mitigate Payment Fraud Risks

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By Taxmann
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Last Updated on 10 June, 2024

Press Release No. 2024-2025/454, Dated: 07.06.2024

RBI has released a Statement on Developmental and Regulatory Policies. Presently, many frauds occur by influencing unsuspecting victims to make the payment or share credentials. Now, the RBI has proposed to set up a ‘Digital Payments Intelligence Platform’ which will harness advanced technologies to mitigate payment fraud risks. The RBI has also constituted a committee to examine various aspects of setting up a digital public infrastructure for the Digital Payments Intelligence Platform.

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