The Reserve Bank of India (RBI) has introduced a proposal for a 'Kill Switch' mechanism to enhance the security of digital payments and curb the rising incidents of fraud. In 2025, approximately 2.8 million digital payment fraud cases were reported, leading to losses of ₹22,931 crore (around $2.8 billion USD). The RBI's report, titled 'Discussion Paper – Exploring Safeguards in Digital Payments to Curb Frauds', outlines several measures to improve digital payment security. The proposed 'Kill Switch' would allow customers to instantly disable all digital payment transactions from their accounts, similar to mechanisms already in place in Singapore. While this feature empowers customers by enhancing control over their payment instruments, it raises concerns about potential misuse, such as inadvertently disabling legitimate transactions. The RBI is also considering whether to implement this feature by default for new customers, which could further strengthen security but may also complicate user experience. Overall, the proposal aims to establish a more uniform and robust customer protection framework across India's digital payments ecosystem.