UPI has reshaped payments with scale and speed, becoming central to India’s digital economy
Fraud cases have surged sharply, with high-value transactions accounting for the bulk of losses
Reserve Bank of India suggests delays, added authentication, and transaction limits to curb fraud risks
Authorised push payment frauds make prevention critical, with cooling-off periods offering a potential safeguard
Delays and checks may affect convenience, requiring technology-driven solutions to maintain efficiency
Stronger safeguards, quick redress, and greater digital awareness are key to sustaining confidence in digital payments