India witnesses billions of UPI transactions every day, making digital payments faster and more convenient than ever. However, the rise in online payment volumes has also led to a sharp increase in cyber fraud, fake customer care scams and authorised push payment fraud. The proposal introduces a confirmation prompt for high risk UPI transactions, allowing users to review suspicious payments before money is transferred. According to the reports, leading banks have suggested introducing a software change in UPI payment apps for peer to peer (P2P) transactions. AdvertisementDigital payment frauds continue to surgeThe urgency behind the proposal comes amid a sharp rise in digital payment frauds.