Can Digital Rupee Offer Safer Payments Than UPI?

With UPI fraud cases increasing across India, financial experts are examining whether the digital rupee (e-rupee) could provide enhanced security for digital payments. The e-rupee, India's central bank digital currency, offers direct settlement and reduced intermediaries compared to UPI's existing infrastructure. While e-rupee transactions may reduce certain fraud vectors, adoption challenges and user familiarity remain concerns. Security experts emphasize that no payment system is completely fraud-proof, and proper user awareness alongside technological safeguards remains essential. The Reserve Bank of India continues developing the e-rupee framework as digital payments expand nationwide. Source: Mint.