RBI plans to set up digital payments intelligence platform to prevent fraud

The Reserve Bank of India (RBI) recently announced that it will set up a dedicated platform to address digital payment fraud in the country.
"Growing instances of digital payment frauds highlight the need for a system-wide approach to prevent and mitigate such frauds," said RBI Governor Shaktikanta Das.
"It is, therefore, proposed to establish a digital payments intelligence platform for network-level intelligence and real-time data sharing across the digital payments ecosystem."

Read the full story here: lnkd.in

Credit:ISN