The reserve bank of india (RBI) is taking significant steps to combat online fraud by considering the establishment of the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital india Trust Agency (DIGITA). This agency, also known as 'Digita,' aims to curb the proliferation of illegal loan-giving apps in the country and enhance the detection and prevention of wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital fraud. Additionally, apps lacking 'Digita' verification will be deemed illegal in the financial sector, emphasizing the importance of compliance for companies operating in this domain.
'Digita' will play a pivotal role in investigating illegal apps within the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital landscape and providing crucial verification reports to the RBI. Its implementation will not only aid in distinguishing between legitimate and fraudulent apps but also foster transparency in the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital loan sector, which has witnessed a surge in both popularity and associated fraud cases in recent years.

To ensure the integrity of app offerings, google Play Store will only host apps approved by 'Digita,' as mandated by RBI. google has already taken action by removing around 2200 wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital lending apps from its platform between september 2022 and august 2023. This proactive approach aligns with RBI's efforts to address wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital fraud and has been reinforced by the Department of Financial services of the Finance Ministry.

Overall, the introduction of 'Digita' marks a crucial step towards safeguarding consumers and promoting a secure wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital financial ecosystem in India.

మరింత సమాచారం తెలుసుకోండి:

RBI

Sindujaa D N

31/03/2024 10:26 PM