UPI transactions hit ₹25 trillion in May, with 18.68 billion in volume—a 33% YoY jump
Wider digital usage boosts inclusion, but also exposes users to online fraud
RBI mandates 2FA, fraud reporting portals, and AI tools like MuleHunter.AI to monitor threats
Over 63,000 high-value fraud cases since 2014 show that digital payments remain vulnerable
User education can curb fraud. RBI and the government are stepping up outreach efforts
Securing digital payments will enable inclusion, trust, and long-term economic growth