In the Corona period, the Government of India and the RBI have been promoting digital transactions in the country. By the year 2021, digital transactions in the country are expected to quadruple. People in India use UPI, the Unified Payments interface, for digital transactions. Millions of rupees are transacted every month through UPI, but the question is, how secure is UPI after all? While digital transactions are beneficial to consumers, they are also a threat to them.
Millions of rupees are blown away
Online fraud is on the rise with the rise of technology in the country. Hackers are using new methods every day to deceive the common people. Cyber crime incidents are coming up every day. In which millions of rupees are withdrawn from people’s accounts. That’s why we’re going to show you some essentials for secure transactions, through which you can avoid falling prey to scams.
Use UPI PIN only on secure application
The malicious application may know your personal information through your phone. Which also includes information attached to the payment. So you should avoid this type of application. Handle your own UPI PIN. Because it can also lead to fraud. Use UPI PIN only on secure application like Bhim UPI for caution. If there is a link to insert a UPI PIN in a website or form, avoid it.
Just enter UPI to send money
One thing to keep in mind while transacting PIN is that you will only be asked to enter UPI PIN when you have to send money. If you are getting money from anywhere, you are being asked for UPI PIN for that, know that, it can be a fraud.
Here’s how to contact customer service
If you are experiencing a transaction error and need to contact customer service, only use the payment application. Do not call an unverified phone number provided on the Internet.
Do not show UPI PIN to anyone
Your UPI PIN is the same as an ATM PIN. So don’t share it with anyone. Because in doing so, the fraudster may misuse it and deceive you.
What is UPI?
UPI i.e., Unified Payments interface is a distance bank fund transfer facility. Payment can be made on a smartphone using a phone number and a virtual ID. This is based on the internet bank fund transfer mechanism.
his is how UPI works
This system can be controlled by NPCI. Users can also transfer money from UPI along with the payment from the comfort of their home in just a few minutes.