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Is RBI's digital payments intelligence platform future of secure transactions?

Updated On: 28 June, 2024 10:57 AM IST | Krishna Prasad

RBI is proposing regulatory measures to strengthen digital payments; the new platform aims to enhance security for customers, banks & financial entities however it`s unclear how it will benefit financial organisations and customers.

Representational images. Pic/iStock

In today’s fast-growing world, everything comes to your doorstep with just a tap of a button on your digital device. Need to check your bank balance, or make a quick payment to your friend or business client? Your bank is at your service with a single tap. Craving for your favourite dish on a weekend? Your food order is at your doorstep with one swipe. Planning to go on a trip with your friends or family to your favourite destination? Fret not, your ride is a few seconds away with just a booking. All these services are now available with just a click on your digital device. Thanks to digitisation for making the impossible into a happening reality. 

Upsides and downsides of digitisation

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