Govt Working With Google Pay, Paytm To Block Real-Time Payments Fraud: Report

The government is collaborating with major UPI players like Google Pay and Paytm to curb real-time payment frauds. Strategies being discussed include AI-based fraud detection and limiting transaction frequency. This step reflects regulatory and corporate efforts to reinforce user trust in digital payments while enhancing systemic safeguards in India’s fast-evolving fintech ecosystem. The involvement of RBI and fintechs highlights a coordinated response to increasing cybercrime.