RBI to establish Digital Payments Intelligence Platform amid a surge in bank and digital frauds

The RBI Governor, Shaktikanta Das, has revealed plans to establish a digital payments intelligence platform to combat increasing bank and digital fraud cases. A committee has been formed to oversee the setup of this platform, chaired by Abhaya Hota, a key figure in India’s digital economy transformation. The platform aims to provide network-level intelligence and real-time data sharing across the digital payments’ ecosystem.