RBI Discussion Paper on Safeguards in Digital Payments to Curb Frauds
Summary
The Reserve Bank of India issued a Discussion Paper on Exploring safeguards in digital payments to curb frauds, seeking public comments by May 8, 2026. The paper addresses growing sophistication of fraudulent activities targeting digital payment customers amid unprecedented growth in India's digital payments sector over the past decade.
What changed
RBI has published a Discussion Paper exploring safeguards in digital payments to address growing fraud risks in India's rapidly expanding digital payments ecosystem. The paper seeks public feedback on proposed protective measures for customers conducting digital transactions.
Affected parties including banks, payment service providers, fintech companies, and merchants should review the Discussion Paper carefully and submit constructive feedback by May 8, 2026. This consultation signals RBI's intent to introduce stronger fraud prevention requirements for digital payment services, which may result in new compliance obligations for the industry.
What to do next
- Review RBI Discussion Paper on digital payment safeguards
- Prepare and submit comments through Connect 2 Regulate by May 8, 2026
- Assess current fraud prevention measures against potential new RBI requirements
Archived snapshot
Apr 10, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Press Releases
| () | |
| Date : Apr 09, 2026 | |
| RBI invites public comments on Discussion Paper - Exploring safeguards in digital payments to curb frauds | |
| | |
| Over the past decade, digital payments in India have expanded at an unprecedented pace, reflecting a structural shift in the way individuals and businesses conduct financial transactions. However, this has been accompanied with growing sophistication of fraudulent activities targeting customers.
In alignment with the objective of promoting digital payments in a safe and secure manner, and as announced in the Statement on Developmental and Regulatory Policies dated February 6, 2026, RBI has today issued a Discussion Paper on Exploring safeguards in digital payments to curb frauds.
Comments / feedback on the questions raised in the Discussion Paper may be submitted through ‘ Connect 2 Regulate ’ link on RBI website latest by May 8, 2026 .
(Brij Raj)
Chief General Manager
Press Release: 2026-2027/57 | | Over the past decade, digital payments in India have expanded at an unprecedented pace, reflecting a structural shift in the way individuals and businesses conduct financial transactions. However, this has been accompanied with growing sophistication of fraudulent activities targeting customers.
In alignment with the objective of promoting digital payments in a safe and secure manner, and as announced in the Statement on Developmental and Regulatory Policies dated February 6, 2026, RBI has today issued a Discussion Paper on Exploring safeguards in digital payments to curb frauds.
Comments / feedback on the questions raised in the Discussion Paper may be submitted through ‘ Connect 2 Regulate ’ link on RBI website latest by May 8, 2026 .
(Brij Raj)
Chief General Manager
Press Release: 2026-2027/57 |
| | |
| Over the past decade, digital payments in India have expanded at an unprecedented pace, reflecting a structural shift in the way individuals and businesses conduct financial transactions. However, this has been accompanied with growing sophistication of fraudulent activities targeting customers.
In alignment with the objective of promoting digital payments in a safe and secure manner, and as announced in the Statement on Developmental and Regulatory Policies dated February 6, 2026, RBI has today issued a Discussion Paper on Exploring safeguards in digital payments to curb frauds.
Comments / feedback on the questions raised in the Discussion Paper may be submitted through ‘ Connect 2 Regulate ’ link on RBI website latest by May 8, 2026 .
(Brij Raj)
Chief General Manager
Press Release: 2026-2027/57 | |
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