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flag India launches pilot project to fight digital fraud with dedicated phone numbers for financial services.

flag The Telecom Regulatory Authority of India (TRAI) is implementing a pilot project to combat digital payment fraud and spam calls by introducing a dedicated 1600-number series for banking, financial services, and insurance sectors. flag This initiative involves a secure digital consent framework, enabling consumers to manage consents for commercial communications through a tamper-proof interface. flag Major banks and telecom providers are participating in the pilot, and TRAI is collaborating with various regulators to share fraud data in real-time to swiftly address cyber crimes.

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