Fintech platform PhonePe has rolled out a security framework designed to safeguard users from fraudulent transactions.

This feature, 'PhonePe Protect', according to the fintech firm, notifies users to avoid making payments to potentially suspicious numbers and displays a 'PhonePe Protect' alert, to users attempting such transactions.

The feature also offers insights into the risks involved when transactions are declined for security reasons.

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'PhonePe Protect' incorporates a mechanism to identify and block transactions directed toward mobile numbers that are flagged as suspicious by The Department of Telecommunications (DoT) through their 'Financial Fraud Risk Indicator (FRI)' feature, Ph

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