Context:
Unified Mandate View Across Payment Systems
- Regulator: Reserve Bank of India
- Why in News: RBI proposes single interface to view all mandates
- Focus: Customer protection and transparency in recurring payments
What is the Proposal?
RBI has proposed an interoperable system enabling users to view all recurring payment mandates (standing instructions) across platforms like:
- UPI
- Credit cards (Visa, Mastercard)
- Payment aggregators
in one unified dashboard (bird’s-eye view).
Key Features
- Unified mandate viewing system (proposed)
- Covers multiple platforms (UPI, cards, aggregators)
- 87 crore mandates created on UPI (Feb 2026)
RBI Digital Initiatives:
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- Digital Payments Intelligence Platform → real-time risk scoring
- AI tools:
- UPI Help (grievance redressal)
- MuleHunter (fraud detection)
- Expansion of DPI including
Unified Lending Interface
MCQs
Q.1) Consider the following statements:
- Reserve Bank of India proposes a unified platform for mandates
- Unified Payments Interface provides mandate visibility across all systems
- Mandates refer to recurring payment instructions
Options:
[1] 1 only
[2] 1 and 2 only
[3] 1 and 3 only
[4] 2 and 3 only
[5] 1, 2 and 3
Answer: [3]
Q.2) The main objective of RBI’s proposal is:
[1] Increase tax revenue
[2] Improve transparency and customer protection
[3] Promote cash economy
[4] Reduce digital payments
[5] Control inflation
Answer: [2]
Q.3) Payment mandate refers to:
[1] One-time payment
[2] Recurring auto-debit instruction
[3] Loan approval
[4] Tax payment
[5] Insurance premium
Answer: [2]
Q.4) MuleHunter is used for:
[1] Loan processing
[2] Detecting mule accounts
[3] Payment settlement
[4] KYC verification
[5] Tax filing
Answer: [2]
Q.5) Interoperability means:
[1] Cash usage across banks
[2] Seamless integration of different systems
[3] Restricting transactions
[4] Blocking UPI
[5] Increasing fees
Answer: [2]
