RBI initiative to curb digital fraud, know what will be benefit

Updated: 22-06-2025, 02.13 PM

What is news?

The Reserve Bank of India (RBI) is going to strictly to curb the increasing incidence of digital payment fraud. Its major public and private sector banks have been asked to develop Digital Payment Intelligence Platform (DPIP) as Digital Public Infrastructure (DPI). Its purpose is to strengthen fraud risk management by facilitating the real -time intelligence information, to prevent fraudulent digital transactions.

The meeting has been held regarding DPIP platform

According to sources, the institutional structure of the proposed platform will be created with the help of both the public and private sector lenders, as fraud is a common problem. Earlier this month, a high -level meeting in this regard was called, with the structure of the platform was finalized, with senior bank officials, RBI officers and other stakeholders. Experts say that this platform should be operational in the next few months.

How will the platform work?

DPIP will collect and analyze data from various sources to identify potential threats and prevent fraud activities. Being able to share data in real time will help prevent platform scams and ensure safe transactions. The Reserve Bank Innovation Hub (RBIH) has been tasked with making the prototype of DPIP in consultation with 5-10 banks. It is going to take advantage of advanced techniques to prevent payment related fraud.