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Welcome to Lives News

We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve.

Welcome to Lives News

We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve.

Welcome to Lives News

We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve.

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BusinessNPCI, banks tie up to curb fraud in UPI - The Times...

NPCI, banks tie up to curb fraud in UPI – The Times of India


CHENNAI The National Payments Corporation of India (NPCI) is piloting a ‘federated model’ in collaboration with banks to eliminate frauds using UPI transactions.
India’s umbrella organisation for operating retail payments and settlement systems is also leveraging AI and machine learning tools to detect suspicious transactions through UPI. NPCI chief risk officer Viswanath Krishnamurthy said that NPCI and banks can share only customer scores between the two agencies.In March, 18.3 billion transactions valued at Rs 24 lakh crore were processed through UPI. There was a 35% year-on-year growth in volume and 25% year-on-year growth in terms of value.





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