Fighting UPI Fraud with AI and Collaboration

The National Payments Corporation of India (NPCI), in partnership with leading banks, is pioneering a 'federated model' aimed at eradicating fraud within UPI transactions. This innovative approach leverages AI and machine learning technologies to identify and flag suspicious activities, ensuring a safer digital payment ecosystem.

Record-Breaking UPI Transactions

In an impressive milestone, March witnessed 18.3 billion transactions amounting to Rs 24 lakh crore processed via UPI, marking a 35% year-on-year growth in volume and a 25% increase in value. This growth underscores the platform's pivotal role in India's digital economy.

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