Views on RBI`s DPIP Initiative to Curb Digital Payment Frauds by Mr. Dilip Modi, Founder & CEO, Spice Money
Below the Views on RBI`s DPIP Initiative to Curb Digital Payment Frauds by Mr. Dilip Modi, Founder & CEO, Spice Money
“The proposed Digital Payments Intelligence Platform (DPIP) by the RBI marks a critical milestone in creating a more secure and resilient digital payments ecosystem. With UPI transactions reaching ?25.14 lakh crore in May 2025, the rising incidence of digital fraud makes it imperative to move from reactive responses to proactive, ecosystem-wide intelligence. DPIP’s focus on early anomaly detection, real-time tracking of mule accounts, and shared threat signals can fundamentally transform how we combat digital fraud, further strengthening the foundation of Digital Bharat.
At Spice Money, we embed security at every level, from biometric authentication to grassroots awareness by our non - bank business correspondents (Adhikaris), especially across rural India. We leverage fingerprint, iris, and facial recognition technologies to verify users, many of whom come from low-connectivity regions where traditional authentication methods are impractical. These efforts have helped us build trust among first-time digital users.
It is a great step by the regulator to introduce DPIP, reinforcing the fact that the true progress of Digital India will not be measured solely by transaction volumes, but by the trust, security, and confidence with which every citizen, especially from rural Bharat, engages with the digital economy.”
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