NPCI, banks tie up to curb fraud in UPI – The Times of India

CHENNAI The National Payments Corporation of India (Npci) is piloting a ‘federated model’ in collaboration with banks to eliminate frauds using UPI transactions. India’s umbrella organisation for operating retail payments…

Avoiding ATM fake shutter fraud: Why some ATMs will now retract cash as per RBI mandate – Times of India

ATMs are equipped with a mechanism that automatically retrieves unattended currency notes. (AI image) ATM cash retraction new rules: The Reserve Bank of India has now partly reversed its January…