RBI extends the card-on-file (CoF) tokenisation deadline

Online fraud and concerns around personal data protection is a major roadblock in India’s move towards a digital economy. In this context, discuss the major government efforts to ensure a safe digital environment for digital transactions.  (250 Words)

Approach:

• Introduce by giving definition of online fraud
• Enumerate how online fraud creates roadblocks for digital economy
• Enumerate the steps taken by the Government to tackle the problem of online fraud
• Way Forward and Conclusion