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RBI TO ESTABLISH DIGITAL PAYMENTS PLATFORM TO CURB FRAUD

Why in the news? RBI proposes a platform for network-level intelligence and real-time data sharing to curb digital payment frauds. RBI plans to include recurring payments like Fastag and National Common Mobility Card (NCMC) in the e-mandate framework. To promote quick small-value payments through an on-device wallet, RBI proposes bringing UPI Lite under the e-mandate …

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