RBI moves on digital payment fraud with transaction lags, mule-account curbs on UPI rails
RBI's discussion paper proposes one-hour lags on APP transactions above Rs 10,000, trusted-person authentication for vulnerable users, and mule-account curbs. The safeguards target UPI payment infrastructure underpinning Indian retail commerce amid 24 lakh fraud complaints and Rs 22,000 crore lost in 2025.
RBI's discussion paper proposes safeguards against digital payment fraud, including one-hour lags on APP transactions above Rs 10,000, trusted-person authentication for vulnerable users, and mule-account curbs—affecting UPI payment rails underpinning Indian retail commerce.