In response to rising online fraud, the Reserve Bank of India (RBI) has released a discussion paper titled 'Exploring safeguards in digital payments to curb frauds'. This initiative outlines six key measures aimed at enhancing security for digital transactions. One significant proposal is a one-hour wait period for payments over ₹10,000 to newly added beneficiaries, allowing users to cancel potentially fraudulent transactions. Additionally, a 'trusted person' approval system is suggested for users aged 70 and above or those with disabilities, requiring confirmation for transactions exceeding ₹50,000. Another critical feature is an emergency 'kill switch', enabling users to immediately disable all outgoing transactions in cases of fraud or lost devices. The RBI also aims to combat fraud by improving monitoring mechanisms to address mule accounts and proposes disabling digital payment features by default for new accounts to mitigate fraud risks. Lastly, the RBI emphasizes the need for better customer awareness and reporting systems to help users identify and report suspicious activities more effectively.