"PhonePe has rolled-out ‘PhonePe Protect’– a security framework designed to safeguard users from fraudulent transactions. The feature also offers insights into the risks involved when transactions are declined for security reasons.  ‘PhonePe Protect’ incorporates a mechanism to identify and block transactions directed toward mobile numbers that are flagged as suspicious by The Department of Telecommunications (DoT) through their ‘Financial Fraud Risk Indicator (FRI)’ feature."