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The Economic Times

Markets / The Economic Times

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Kill switch soon for all digi payments to combat fraud

The Reserve Bank of India's Payments Vision 2028 introduces a shared liability model for unauthorized digital transactions, placing responsibility on both customer and beneficiary banks. This aims to boost fraud detection and inter-bank coordination. The RBI also plans to expand the 'switch on/off' feature, currently for cards, to all digital payment modes, empowering users and enhancing ecosystem trust.

28 Mar 2026 7:23 am