RBI asks payment systems operators to educate public on safe digital transactions

Reserve Bank of India has directed payment system operators to undertake targeted multi-lingual campaigns by way of SMS and advertisements to educate their users on safe and secure use of digital payments. In a circular, the Reserve Bank of India said it has been taking measures to improve awareness through its e-BAAT programmes and organizing campaigns on the safe use of digital payment modes to avoid sharing critical personal information like PIN, OTP and passwords. RBI said, it is necessary t...