Digital payments: More safety, a little less speed

India’s digital payments ecosystem has grown at a very fast pace, but the sharp rise in online frauds is forcing a rethink on how instant payments should be. The Reserve Bank of India (RBI) has proposed a set of measures that introduce calibrated friction into high-risk transactions—aimed at giving users more control and time to prevent fraud.

For consumers, these measures could mean a slight shift in how digital payments are experienced. High-value transactions may no longer be instantaneous, and additional checks could come into play in certain situations.