The Reserve Bank of India (RBI) has formulated a comprehensive plan to enhance the security of non-bank electronic payments. This initiative aims to address the growing concerns regarding the safety and integrity of digital transactions.
The RBI’s plan includes the implementation of robust security measures, stricter compliance requirements, and increased oversight to safeguard users’ financial information. This proactive approach by the RBI underscores its commitment to fostering a secure and resilient digital payment ecosystem.
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