The volume of UPI transactions has experienced exponential growth in recent years, reflecting widespread adoption of digital payments in India. This surge has introduced challenges such as increased vulnerability to fraudulent activities, necessitating security measures to protect users. Plus, the infrastructure must scale efficiently to handle the growing transaction load without compromising performance.
Financial institutions and regulatory bodies are tasked with maintaining the delicate balance between facilitating seamless transactions and ensuring stringent security protocols. Addressing these challenges is crucial to sustaining user trust and supporting the continued expansion of digital payment systems.
