Current Context: The Reserve Bank of India (RBI), with public and private banks, began developing a real‑time Digital Payment Intelligence Platform (DPIP) under its Innovation Hub to combat rising digital payment fraud.

 ABOUT DIGITAL PAYMENT INTELLIGENCE PLATFORM

• Purpose: Strengthen fraud detection by enabling real-time sharing of threat intelligence across banks.
• Framework: Proposal supported by a committee led by A.  Hota and built by RBI Innovation Hub alongside 5–10 partner banks.
• Functionality: Collects and analyses data to flag and prevent suspicious transactions.
• Need: Over 5 lakh digital fraud cases reported in six months to March 2024, and bank fraud losses reaching ₹36,014 crore in FY25.
• Significance: This platform aims to halt scams at their source and build secure Digital Public Infrastructure akin to UPI.