(THE GIST OF PIB) Digital Payment Intelligence Platform

(JUNE-2025)

Recently, the Reserve Bank Of India has roped in major public and private sector banks to develop the Digital Payment Intelligence Platform (DPIP) as a Digital Public Infrastructure (DPI).

It seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions.
The institutional structure of the proposed entity would be created with the help of both public sector and private sector lenders.
It will collect and analyse data from various sources to identify potential threats and prevent fraudulent activities.
By enabling real-time data sharing, the platform will help prevent scams and ensure secure transactions.
The Reserve Bank Innovation Hub (RBIH) has been assigned to build a prototype of DPIP in consultation with 5-10 banks.
It is going to leverage advanced technologies to curb payment-related frauds.
RBI formed a committee, chaired by AP Hota to examine various aspects of establishing this digital public infrastructure.

The volume of frauds also rose to 15.51 lakh during the March 2024 period from 11.5 lakh in the previous six-month period.
The alarming increase coincides with India’s rapid transformation into a digital payments powerhouse, fuelled by the widespread adoption of the unified payments interface (UPI) since its launch in 2016.