How to Avoid Online Payment Fraud While Using UPI Apps, E-Wallets

                     How to Avoid Online Payment Fraud While Using UPI Apps, E-Wallets

UPI apps, or E-Wallets, become increasingly difficult with the growing volume of online transactions in India. There are almost 2.29 billion transactions made through the Unified Payments Interface (UPI) in February 2021 recorded by National Payments Corporation of India (NPCI ). There are no. of online fraud cases that are increasing day by day. 

The growth in online payment frauds have made it quite difficult for businesses to protect customers as cybercriminals continue to build new ways, and mechanisms to target innocent people. 

STEPS TO AVOID ONLINE PAYMENT FRAUD WHILE USING UPI APPS, E-Wallets-

• Avoid Engaging with strangers

• This is very important that not to talk or communicate with unknown people over a call, and message. Remember not to disclose personal or transactional details such as UPI PIN or OTP. Therefore you have to be careful while taking any actions on emails or messages claiming to give you discount offers and deals. 

• Do not share OTP with anyone

• One-Time Password is for security that banks, and financial institutions forward to validate transactions in India. Remember not to share the OTP with anyone over a call or message, and not disclose the banking details or login credentials to your bank account on a computer or any type of network. 

• Never click on any links or accept payment requests

• There are a number of links that can be fraud, and never accept the payment requests. 

• Stay away from counterfeit apps

• There are a number of false apps on app stores. Therefore, it is very important that you must not install those on your phone. 

First search the necessary details like name, developer, registered website, and email address of any app before downloading it. 

For more information visit 36 Mobile.