Types and Methods to Prevent UPI Payment Fraud

 

UPI frauds are increasing in India due to the rise of digital deals. There were more than 95,000 cases of UPI fraud reported in the 2022-23 financial year, according to Finance Ministry of India data. Understanding the types of UPI payment frauds can help you stay safe. Fraudsters frequently employ tactics similar to UPI ID fraud, where they create fake IDs to cheat users. To protect yourself, change your UPI pin regularly and be apprehensive of common deception. Flash back, UPI deception prey on fear, rapacity and emotion. Stay careful and educate yourself to avoid falling victim to UPI fraud. Read More.