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As AI threats loomed, UPI platforms flagged rising security costs
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The Indian Express
To be sure, Google, which runs a UPI platform in India, has access to Mythos Preview, under Anthropic’s Project Glasswing.
Queries sent to the Payments Council of India, and companies that operate UPI platforms remained unanswered until publication.
At a security cost of 15 paise per transaction, the UPI ecosystem would have spent more than Rs 350 crore in that month alone to keep platforms secure.
The Rs 20,000 crore figure includes costs for operating the mobile app, its development, and accompanying customer support.
Between 2021-22 to 2024-25, the Centre paid out Rs 8,730 crore under its UPI and RuPay debit card promotion scheme to network participants.