{"id":51756,"date":"2025-06-25T12:56:10","date_gmt":"2025-06-25T07:26:10","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=51756"},"modified":"2025-06-25T15:03:58","modified_gmt":"2025-06-25T09:33:58","slug":"digital-payment-intelligence-platform","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/digital-payment-intelligence-platform\/","title":{"rendered":"Digital Payment Intelligence Platform"},"content":{"rendered":"<h2><b>Digital Payment Intelligence Platform Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, the Reserve Bank Of India has roped in major public and private sector banks to develop the Digital Payment Intelligence Platform (DPIP) as a Digital Public Infrastructure (DPI).<\/span><\/p>\n<h2><b>About Digital Payment Intelligence Platform<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It seeks to <\/span><b>bolster fraud risk management<\/b><span style=\"font-weight: 400;\"> by facilitating <\/span><b>real-time intelligence sharing<\/b><span style=\"font-weight: 400;\"> and gathering, thereby preventing fraudulent digital transactions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The institutional structure of the proposed entity would be created with <\/span><b>the help of both public sector and private sector lenders<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It will <\/span><b>collect and analyse data from various sources<\/b><span style=\"font-weight: 400;\"> to identify potential threats and prevent fraudulent activities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">By enabling real-time data sharing, the platform will help prevent scams and ensure secure transactions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><b>Reserve Bank Innovation Hub (RBIH)<\/b><span style=\"font-weight: 400;\"> has been assigned to build a prototype of DPIP in consultation with 5-10 banks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is going to leverage advanced technologies to curb payment-related frauds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">RBI formed a <\/span><b>committee, chaired by AP Hota<\/b><span style=\"font-weight: 400;\"> to examine various aspects of establishing this <\/span><b>digital public infrastructure.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><b>Why is the Digital Payment Intelligence Platform needed?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><b>volume of frauds also rose<\/b><span style=\"font-weight: 400;\"> to 15.51 lakh during the March 2024 period from 11.5 lakh in the previous six-month period.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The alarming increase coincides with India\u2019s <\/span><b>rapid transformation into a digital payments powerhouse<\/b><span style=\"font-weight: 400;\">, fuelled by the widespread adoption of the unified payments interface (UPI) since its launch in 2016.<\/span><\/li>\n<\/ul>\n<p><b>Source:<\/b><a href=\"https:\/\/government.economictimes.indiatimes.com\/news\/digital-payments\/rbi-collaborates-with-banks-to-combat-digital-payment-frauds-via-new-platform\/122013368\" target=\"_blank\" rel=\"nofollow noopener\"> <span style=\"font-weight: 400;\">ET<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital Payment Intelligence Platform enhances fraud risk management by enabling real-time intelligence sharing to prevent fraudulent digital transactions. Read more about Digital Payment Intelligence Platform, Purpose, Need, Latest News<\/p>\n","protected":false},"author":24,"featured_media":51778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1025,21,22,23],"class_list":{"0":"post-51756","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-digital-payment-intelligence-platform","9":"tag-prelims-pointers","10":"tag-upsc-current-affairs","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/51756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=51756"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/51756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/51778"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=51756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=51756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=51756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}