pc
nid 91830
Apr 09, 2026
rghosh@vixio.com
India
Reserve Bank of India
financial services
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1448 charsIndia's Reserve Bank Invites Public Comments on Digital Payments Fraud Safeguards Discussion Paper
On April 9, 2026, the Reserve Bank of India (RBI) issued a Discussion Paper on Exploring safeguards in digital payments to curb frauds and invited public comments on the proposals.
The Discussion Paper responds to the rapid expansion of digital payments in India over the past decade, which has been accompanied by increasingly sophisticated fraudulent activities targeting customers. The RBI aims to promote digital payments in a safe and secure manner while maintaining the structural shift towards digital financial transactions. The Discussion Paper was announced as part of the RBI's Statement on Developmental and Regulatory Policies dated February 6, 2026, and addresses the need for enhanced consumer protection mechanisms within India's digital payments ecosystem.
The Discussion Paper raises specific questions regarding potential safeguards and invites stakeholder feedback on proposed protective measures. The consultation applies to all entities involved in digital payments, including payment service providers, financial institutions, and other market participants.
Members of the public and relevant stakeholders may submit comments and feedback through the 'Connect 2 Regulate' link on the RBI website. The comment period closes on May 8, 2026. The RBI will use responses to inform the development of regulatory safeguards designed to protect consumers while supporting continued growth in digital payment adoption across India.
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1239 charsReserve Bank of India Invites Public Comments on Digital Payments Fraud Safeguards Discussion Paper
On April 9, 2026, the Reserve Bank of India (RBI) issued a Discussion Paper on exploring safeguards in digital payments to curb frauds and invited public comments on the proposals.
The Discussion Paper responds to the rapid expansion of digital payments in India over the past decade, which has been accompanied by increasingly sophisticated fraudulent activities targeting customers. It was announced as part of the RBI's Statement on Developmental and Regulatory Policies and addresses the need for enhanced consumer protection mechanisms within India's digital payments ecosystem.
It raises specific questions regarding potential safeguards and invites stakeholder feedback on proposed protective measures. The consultation applies to all entities involved in digital payments, including payment service providers, financial institutions, and other market participants. Members of the public and relevant stakeholders may submit comments and feedback through the 'Connect 2 Regulate' link on the RBI website. The comment period closes on May 8, 2026. The RBI will use responses to inform the development of regulatory safeguards designed to protect consumers while supporting continued growth in digital payment adoption across India.