India, June 27 -- The Centre is reportedly working with third-party UPI apps such as Google Pay, PhonePe, Paytm, and others to implement enhanced safety measures that can detect and block suspicious peer-to-peer (P2P) and person-to-business (P2B) transactions in real time.
A Business Standard report, citing people familiar with the matter, said that the initiative is intended to curb fraudulent transactions carried out through TPAPs, particularly targeting scams that affect users with lower digital literacy.
It is aimed at ensuring that all transactions, regardless of the amount, undergo stricter checks and balances even if the transaction time increases by a few seconds, an official told BS.
To facilitate this, platforms such as Googl...
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