India’s central bank is considering new controls for high-value transactions amid rise in digital frauds. According to a Reuters report, the Reserve Bank of India (RBI) has released a discussion paper that proposes transaction delays for certain transfers and additional checks for payments made by senior citizens. The RBI proposed a one-hour delay for account-to-account transfers above Rs10,000 ($107.92) processed through fast payment systems, including the Unified Payments Interface (UPI). The central ...