The Reserve Bank of India (RBI) has released a discussion paper titled ‘Exploring safeguards in digital payments to curb frauds,’ addressing the alarming rise of digital payment frauds in the country. In 2025, there were 2.8 million reported cases totaling ₹22,931 crore (approximately $2.8 billion USD), a stark increase from 260,000 cases worth ₹551 crore (about $67 million USD) in 2021. The RBI's proposed measures include implementing lagged credit for push payments, requiring additional authentication for high-value transactions, and allowing only accounts with satisfactory reviews to receive large credits. These changes aim to provide customers with more control over their transactions and to slow down fraudulent activities, giving both customers and payment system operators (PSOs) time to halt suspicious transactions. The paper highlights that many frauds occur not through technical breaches but through manipulation of users, often targeting vulnerable groups such as senior citizens. The RBI has opened the discussion paper for public feedback until May 8, emphasizing the urgent need for effective safeguards in the digital payment landscape.