Archive · 22 May 2025
DoT to Share Anti-Fraud Data with Banks and UPI Services
The government is giving banks and payment services like PhonePe a tool called FRI to help stop online money scams.
FRI checks if a phone number is linked to fraud and warns users or blocks transactions.
The system uses information from various sources to put phone numbers into different risk categories.
When someone tries to pay a high-risk number, the transaction is stopped.
This is designed to protect people from fraud and make online payments safer.
DoT is sharing Financial Fraud Risk Indicator (FRI) data with financial institutions.
FRI categorizes mobile numbers based on financial fraud risk.
The Digital Intelligence Platform (DIP) is used to generate FRI data.
PhonePe and other UPI providers will use FRI to alert users.
FRI utilizes data from the NCRP, Chakshu, and financial institutions.
- Who
- Department of Telecommunications (DoT)
- What
- DoT to share Financial Fraud Risk Indicator (FRI) data with banks and UPI providers.
- When
- Announced on Wednesday
- Where
- India
- Why
- To protect users from cyber fraud and financial crime.
- New System Name
- Financial Fraud Risk Indicator (FRI)
- Initiating Body
- Department of Telecommunications (DoT)
- Target
- Cyber fraud and financial crime
- Tool Used
- Digital Intelligence Platform (DIP)
- Data Sources
- I4C's NCRP and DoT's Chakshu platform
- Risk Levels
- Medium, High, and Very High
Sources
UPI users: DoT's new system will decline transactions to certain mobile numbers
Paytm's Vijay Shekhar Sharma scammed... by himself? Viral chat reveals impersonation attempt
Govt will now decline UPI transactions to certain numbers, here is what you should know
