RBI reviews banks plan for delayed UPI transfers

The Reserve Bank of India is evaluating the banks' recommendations as part of its broader fight against authorized push-payment fraud. While the RBI sees merit in an extra verification layer, the NPCI has warned that a mandatory hold on all high-value transfers could degrade user experience and slow the growth of digital payments. The proposed safeguards are currently limited to peer-to-peer transfers and will not affect merchant payments at this stage.