Securing the Future of Financial Transactions

In a groundbreaking move, the Securities and Exchange Board of India (Sebi) is on the brink of introducing a novel mechanism aimed at bolstering the security of payments within the securities market. This initiative revolves around the utilization of the Unified Payments Interface (UPI), a system designed to distinguish and safeguard legitimate financial intermediaries.

A Unique UPI Address for Enhanced Security

At the heart of Sebi's proposal is the introduction of a unique UPI address for each registered market intermediary. This measure is anticipated to significantly enhance the traceability and security of financial transactions, thereby fortifying the integrity of the securities market.