What is Digital Payments Intelligence Platform?

Home   »  What is Digital Payments Intelligence Platform?

June 8, 2024

What is Digital Payments Intelligence Platform?

Why in news ?The RBI Governor Shaktikanta Das has recently  said that the Reserve Bank has decided to set up a Digital Payments Intelligence Platform which will harness advanced technologies to reduce payment fraud risks.

  • To take this initiative forward, the Reserve Bank has constituted a committee headed by A.P. Hota, former MD & CEO, NPCI, to examine various aspects of setting up a digital public infrastructure for the platform.
  • He explained that many frauds occur by influencing unsuspecting victims to make the payment or share credentials.
  • While the payment ecosystem (banks, NPCI, card networks, payment aggregators, and payment apps) takes various measures on an ongoing basis to protect customers from such frauds, there is a need for network-level intelligence and real-time data sharing across payment systems.
  • “The third edition of our global hackathon, ‘HaRBInger 2024 – Innovation for Transformation’ will be launched with two overarching themes viz., ‘Zero Financial Frauds’ and ‘Being Divyang Friendly’.
  • Solutions aimed at enhancing the safety and security of digital transactions with a focus on detecting, preventing and combating financial frauds, as well as prioritising inclusivity for persons with physical disabilities, will be invited as part of HaRBInger 2024.





Get In Touch

B-36, Sector-C, Aliganj – Near Aliganj, Post Office Lucknow – 226024 (U.P.) India


+91 8858209990, +91 9415011892


Subscribe now for latest updates.

Follow Us

© www.vaidicslucknow.com. All Rights Reserved.

What is Digital Payments Intelligence Platform? | Vaid ICS Institute