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Digital Payment Intelligence Platform (DPIP)
June 27 , 2025
15 hrs 0 min
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- Major Indian banks are teaming up with the RBI to develop the Digital Payment Intelligence Platform (DPIP).
- The goal is to reduce the digital payment frauds through the real-time intelligence sharing.
- DPIP will act as a Digital Public Infrastructure for safer transactions.
- The Reserve Bank Innovation Hub (RBIH) is building the prototype in the very collaboration with 5–10 banks.
- The platform will use advanced technologies like AI and analytics to detect and prevent fraud.
- In FY25, the total amount involved in bank frauds rose to Rs 36,014 crore, nearly three times the Rs 12,230 crore reported in FY24.
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