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These 3 Ways Fraudsters Trap Your UPI Transactions, A Mistake Will Empty Your Account
NEWS18 | September 20, 2024 10:13 AM CST

UPI Scam Alert: Money transactions have become very easy these days. But scammers or fraudsters are setting traps here too.


01
Unified Payments Interface (UPI) has brought a radical change in digital transactions in India. With this, it is possible to give and receive money with just one click. As a result, money transactions have become very easy these days. But scammers or fraudsters are setting traps here too. Because they can easily steal money through online bank accounts. It also does not require banking information.

Unified Payments Interface (UPI) has brought a radical change in digital transactions in India. With this, it is possible to give and receive money with just one click. As a result, money transactions have become very easy these days. But scammers or fraudsters are setting traps here too. Because they can easily steal money through online bank accounts. It also does not require banking information.



02
From multiple social media posts, we've identified some common tactics in this regard. Let's discuss all those scams and some ways to avoid them.

From multiple social media posts, we've identified some common tactics in this regard. Let's discuss all those scams and some ways to avoid them.




03
Don't give UPI PIN: Let's say a phone arrives to a customer. Say, you won a few thousand rupees through a lucky draw. The money will be transferred through PhonePe or Paytm. Caller may ask for UPI PIN from user for this transaction. And if you give it, the account will be empty.

Don't give UPI PIN: Let's say a phone arrives to a customer. Say, you won a few thousand rupees through a lucky draw. The money will be transferred through PhonePe or Paytm. Caller may ask for UPI PIN from user for this transaction. And if you give it, the account will be empty.


 

04
Money received from a stranger's account by mistake: Let's say someone received a message on their phone that a large amount of money has been transferred to their account. After that someone will call and say that he has sent the money to that user by mistake. It can also be a scam. After that, if the scammer wants the money back, the money will be lost if you step into that trap.

Money received from a stranger's account by mistake: Let's say someone received a message on their phone that a large amount of money has been transferred to their account. After that someone will call and say that he has sent the money to that user by mistake. It can also be a scam. After that, if the scammer wants the money back, the money will be lost if you step into that trap.




05
Beware of fake UPI apps: Fraudulent apps like FraudPay or spoof Paytm apps are all around. And these fake UPI apps are so efficient that they scan the real QR code and show the Payment Successful message. However, transactions can be fake.

Beware of fake UPI apps: Fraudulent apps like FraudPay or spoof Paytm apps are all around. And these fake UPI apps are so efficient that they scan the real QR code and show the Payment Successful message. However, transactions can be fake.



06
Apart from all these scams there are some things to keep in mind. Every UPI payment needs to be tracked. How much money is being sent to whom should be monitored. Report any unauthorized transactions immediately.

Apart from all these scams there are some things to keep in mind. Every UPI payment needs to be tracked. How much money is being sent to whom should be monitored. Report any unauthorized transactions immediately.

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