SEBI mulls safe UPI payment mechanism for registered market intermediaries

SEBI has introduced a new initiative to safeguard UPI payment mechanisms for registered market intermediaries. The move aims to ensure the integrity and security of digital transactions in the securities market, preventing fraud and improving transparency. This initiative will help enhance the confidence of investors and market participants in the use of UPI as a payment option for trading and investing. It also underscores SEBI's commitment to modernizing financial infrastructure and addressing emerging risks in the rapidly evolving digital financial landscape.