India’s Central Bank Mulls Delay for Some Digital Payments to Curb Fraud
MSN
"India's central bank is suggesting the introduction of a delay for certain digital payments above a threshold as part of measures to curb rising fraud, and sought stakeholder feedback on the proposals in a discussion paper. The Reserve Bank of India outlined four possible safeguards, including a lag for certain authorised push-payment transactions above 10,000 rupees ($107.92), additional authentication for high-value transfers by vulnerable users, limits on credits into some bank accounts without enhanced checks, and customer-controlled safeguards such as disabling digital payment channels."
