{"id":19280,"date":"2024-12-02T14:27:33","date_gmt":"2024-12-02T08:57:33","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=19280"},"modified":"2025-03-25T14:49:07","modified_gmt":"2025-03-25T09:19:07","slug":"razorpay-joins-forces-with-ministry-of-home-affairs-and-indian-cyber-crime-coordination-centre","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/razorpay-joins-forces-with-ministry-of-home-affairs-and-indian-cyber-crime-coordination-centre\/","title":{"rendered":"Building a Safer Digital Payments Ecosystem: Razorpay Joins Forces with Ministry of Home Affairs and Indian Cyber Crime Coordination Centre"},"content":{"rendered":"

We\u2019re living in an exciting era where India leads the world in digital payments, handling a staggering 46% of global volumes. This is a remarkable achievement, one that fills us with pride. However, as digital payments<\/a> expand, so do the risks.\u00a0<\/span><\/p>\n

Cybercrime has surged in recent years, with over 2 million cases of cybercrime reported in India each year with 85% of these cases being related to financial fraud. And as we push the boundaries of a digital economy, trust and security must remain at its core\u2014and it\u2019s up to all of us to safeguard it.<\/span><\/p>\n

At Razorpay, we\u2019ve always been dedicated to creating a secure, seamless, and innovative payments ecosystem. In line with this commitment, <\/span>we\u2019re excited to announce a new partnership with the Ministry of Home Affairs (MHA) and the Indian Cyber Crime Coordination Centre (I4C)<\/b> to bolster cybersecurity and combat online financial fraud.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n

Being a responsible player in the Indian fintech ecosystem and through this collaboration, we\u2019re launching an extensive awareness campaign aimed at educating both businesses and consumers on essential cybersecurity practices.\u00a0<\/span><\/p>\n

This initiative not only underscores the importance of public-private partnerships in combating cybercrime but also reflects our unwavering commitment to securing India\u2019s digital payments ecosystem.<\/span><\/p>\n

As our digital economy rapidly expands, India is emerging as a global leader in retail transactions and digital payments. With this leadership comes a responsibility to ensure safe & secure digital payment experiences for a young, new-to-banking population. With this collaboration with the Ministry of Home Affairs & I4C, Razorpay continues to help chart a decisive path towards combating rising cyber threats. From its mantle as the fastest-growing Payment Aggregator in the country, Razorpay takes the responsibility to lead the way by implementing cutting-edge security frameworks, strict access controls, and 24\/7 monitoring to safeguard the digital payments ecosystem. Together, we are building a stronger, more secure foundation for the industry, enabling businesses to grow confidently in the digital era. – <\/span><\/i>Arif Khan, Chief Innovation Officer of Razorpay<\/b><\/p><\/blockquote>\n

Securing Transactions, Empowering Businesses<\/b><\/h3>\n

So, what does this partnership mean in practical terms?<\/span><\/p>\n

At Razorpay, we\u2019ve always taken a proactive stance when it comes to cybersecurity, and this collaboration allows us to amplify these efforts. Here\u2019s how we\u2019ve been making an impact and working towards reducing cybercrime and increasing awareness.<\/span><\/p>\n