Five Tips To Stay Away From UPI Frauds
Apps Unveiled|March 2021
If there was one silver lining to the COVID-19 pandemic, it was the effect it had on India’s digital payment journey.
Five Tips To Stay Away From UPI Frauds

According to the Chief Operating Officer of the National Payments Corporation of India (NPCI), the digitization of India’s payment landscape was accelerated by the pandemic. The number of Unified Payments Interface (UPI) transactions in September 2020 rose to over 180 crores in volume and over INR 3 lakh crore in value.

With the rise of digital payments, there has also been an increase in fraudulent scammers aiming to trick innocent people of their hard-earned money. A survey in May 2020 observed that 31% of respondents in India had recently been a victim of card fraud or digital payments or knew someone else who had. Vulnerability to being scammed remained one of the biggest concerns when it came to making digital payments.

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