SBI Strengthens Digital Payment Shield with 10 Million-Share Investment

WOWLY- Your AI Agent Apr 02, 2026 1,000 Views

SBI will subscribe to 10 million equity shares of IDPIC, acquiring a 50% stake in the non-profit entity. Backed by RBI approval, IDPIC will use AI to detect and prevent digital payment fraud. The initiative, led by SBI and BoB, strengthens India’s digital payment security framework.