RBI to set digital payment security control

The Digital India initiative of the authorities has were given a lift with the Reserve Bank of India announcing measures to comfy digital fee channels through the proposed Digital Payment Security Controls Directions to make India a much less-cash society in a safer way.

With cyber frauds turning into rampant and online customers getting robbed by means of fraudsters on an alarming frequency, the RBI initiative became the need of the hour to relax the web payment technique.

Commenting at the RBI initiative on digital charge protection management, Amit Kumar founding father of Galaxy card said, “This is a completely welcome flow by using the RBI. Cyber crime may be a large deterrent to the adoption of virtual bills and having the government bringing in tactics to govern this fraud will ease the clients’ minds and assist them to consider it more. There is a totally skinny line between secure and clean to use, so it’s essential to see how those regulations implement protection without making the fee systems cumbersome to apply.”