1032 answered on 28 July 2026, the Ministry of Finance stated that the Government is continuously engaging with the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI) and banks to address rising digital payment frauds by leveraging Artificial Intelligence (AI) and Machine Learning (ML). Additionally, NPCI provides an AI/ML-based fraud monitoring solution to all banks to generate alerts, decline transactions and facilitate banks in taking appropriate action. 1032ANSWERED ON TUESDAY, 28 JULY 2026/ SHRAVANA 6, 1948 (SAKA)AI FOR PREVENTION OF DIGITAL PAYMENT FRAUDS1032. Similarly, RBIH has also launched a collaborative technology driven framework Digital Payments Intelligence Platform (DPIP) to strengthen the fraud risk management in the digital payment ecosystem. Additionally, NPCI provides a fraud monitoring solution to all banks to generate alerts and decline transactions using AI/ML based models and facilitating banks to take actions.