Hyderabad, Feb. 6 -- A senior Reserve Bank of India (RBI) official on Thursday, February 5, said that despite highest volumes of digital payments globally, financial losses in India due to fraud remain minimal.

Speaking at the Shield 2026 conclave in Hyderabad, P Vasudevan, Executive Director of the RBI, said that on average, just one fraudulent transaction occurs for every 1,01,242 digital payments.

Financial loss

On the financial loss, he said that for every Rs 1 lakh transacted digitally, only Rs 1.40 are lost.

Vasudevan said that the improvement is due to technology, regulatory safeguards and growing awareness among users.

He further said that as of January 31, 2026, around 81 crore transactions are handled every day. The value o...