RBI proposes ‘Kill Switch’ to secure digital payments: What it means

The Reserve Bank of India (RBI) has proposed a 'Kill Switch' mechanism aimed at enhancing digital payment security and combating online fraud.

This initiative is detailed in RBI's 'Discussion Paper – Exploring Safeguards in Digital Payments to Curb Frauds'. The move addresses the increasing number of digital payment fraud cases, with 28 lakh incidents reported by NCRP in 2025.