FINANCE
Your payments may get slower, but more secure
Soon, if you send over Rs 10,000 to someone through UPI or other digital channels, there may be a 1-hour lag.
The RBI has proposed such a lag to give users time to cancel transactions if they suspect a scam. This won't apply to merchant payments.
The central bank has also proposed 'kill switches' for users to disable all digital payments instantly.
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