New Delhi, April 14 -- India's digital payment system and banking architecture are built on instant transfers and seamless transactions. However, the rising number of digital arrests, banking frauds and unauthorised transactions has pushed regulators to rethink the speed of these transactions.

The Reserve Bank of India (RBI) recently proposed a one-hour delay on select high-value digital payments. This move is proposed to help users combat fraud and detect unauthorised transactions before they are completed and funds are transferred.

According to the RBI discussion paper, the proposal suggests a one-hour cooling period or 'pause' for select digital payments above Rs.10,000. During this period, the amount will be provisionally debited bu...