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PREVENTING FINANCIAL FRAUD
Check gate before the horse boltsIndia is facing challenges in managing foreign remittances, particularly concerning fraudulent transactions and proper certification. A pro...- IIT Madras study finds highly educated professionals among financial cybercrime victimsA study by IIT Madras indicates that educated professionals are frequent victims of financial cybercrime. The research highlights that high...
- AI agents take over online shopping: Ecommerce firms rethink pricing, verificationIndia’s ecommerce and digital platforms are preparing for a surge in personal AI agents that could increasingly make shopping decisions and...
- MHA writes to states, UTs to focus on 'counter trafficking in person' enforcing 'Naveen Nayay Sanhita'The Ministry of Home Affairs (MHA) has written to all the states and the Union Territories (UTs) to focus on "counter trafficking in person...
- How one email cost a 77-year-old retiree $390,000 and his retirement plansJeffrey Maas, a 77-year-old retiree, lost his life savings after falling for a scam. He received a fake email about an antivirus charge tha...
- National Student Laptop Scheme 2026: Viral message leaves students curious, PIB respondsThe PIB Fact Check has debunked a WhatsApp message claiming that the Government of India is inviting students to apply for free laptops und...
- UPI’s new MDR pot: 5% of collections to be used for bringing small merchants onlineNPCI will introduce a dedicated fund from MDR proceeds for small merchants. This fund aims to expand digital payment infrastructure in smal...
- UPI MDR could create Rs 27,000 crore revenue pool by FY28: BernsteinA 40-basis-point MDR on UPI transactions could create a large revenue pool. Issuing banks and UPI apps will receive substantial portions of...
- Return of MDR a key step towards making UPI sustainable and enabling further growth: ExpertsEffective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...
- UPI MDR seen as sustenance fee, not windfall; small merchants remain shieldedA new merchant discount rate will fund UPI's expanding infrastructure costs. Large value person-to-merchant transactions above two thousand...
- UPI fee: Why govt is putting a price on big merchant paymentsThe National Payments Corporation of India, which operates the UPI network, said the revenue will support investment in infrastructure resi...
- CCB searches former DMK Minister Anbil Mahesh's premises in Rs 100-cr private school fraud caseCCB sleuths searched premises linked to former minister Anbil Mahesh Poyyamozhi. These searches are connected to an alleged Rs 100-crore pr...
- ED to fast-track 10 big PMLA cases in each regionThe Enforcement Directorate aims to expedite money-laundering trials within eight months. Zonal offices will identify key cases for acceler...
- NPCI announces MDR for UPI; merchant transactions above Rs 2,000 to attract 0.4% chargeWhile NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its announcement that vendors operating und...
- UPI MDR rates likely within a week, October rollout in sightThis comes after a Monday notificationfrom the Department of Financial Services that narrowed the zero-charge mandate for UPI. The earlier ...
- Central database may be used for financial oversight, risk monitoringIndia's government plans to expand Cersai's database for better financial risk monitoring. This initiative aligns with the phased rollout o...
- BRICS declaration vows cooperation to dismantle cross-border scam networksBRICS countries on Saturday voiced “serious concern” over organised scam networks, including cross-border fraud operations and scam compoun...
- GFF 2026: Digital finance has scaled, now trust and resilience must catch up, says RBI’s Deputy Governor MurmuIndia's digital finance sector now prioritizes trust and resilience over access. Technology transforms finance, but trust remains the essen...
- Sheikh Hasina's daughter Saima Wazed resigns as WHO regional head after fraud allegationsSaima Wazed, WHO Southeast Asia head, resigned Wednesday following fraud investigations. The UN health agency had placed her on unpaid admi...
- Banks need to invest more in digital, financial literacy to tackle cyber fraud: Bank of Baroda MDBank of Baroda MD and CEO Debadatta Chand said the financial system needs to invest significantly more in financial and digital literacy to...
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