
Digital Payment Intelligence Platform (DPIP): A New Step Towards Secure Banking
Why In News: Digital Payment Intelligence Platform The Reserve Bank of India (RBI), along with public and private sector banks, is working on the development of a Digital Payment Intelligence Platform (DPIP). This platform will function as a Digital Public Infrastructure (DPI) to strengthen the security and trust in digital payments. What is Digital Public Infrastructure (DPI)? DPI refers to essential digital systems that are: These systems support key public services. Examples include Aadhaar, Unified Payments Interface (UPI), and DigiLocker.