India Launches Fraud Risk Indicator to Combat Digital Scams

Imagine a special system that helps banks and payment apps spot fake phone numbers used for scams.

India has launched this system called the 'Financial Fraud Risk Indicator', or FRI.

It checks if a phone number is risky by looking at information from different sources.

The system gives each number a risk level, like low, medium or high risk.

Payment apps like PhonePe, Paytm and Google Pay will now use this system to warn you if a phone number seems suspicious before you send money.

Banks are also using it for extra checks.

This helps protect people from getting tricked by online scammers and keeping their money safe.