UPI payments have revolutionised the way people pay online in India. With just a few taps on your smartphone, you can send or receive money instantly, securely, and hassle-free. UPI payments are faster than any other online payment method, and they work across multiple banks and platforms. But as online transactions become more common, so do online frauds. Cybercriminals are constantly devising new schemes to dupe unsuspecting users and steal their money. UPI payments are not immune to these threats, and you need to be careful when using them.
Here are a few things to keep in mind to ensure that your UPI payments are safe.
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Use a trusted UPI app
There are many different UPI apps available, so it is important to choose one that is trusted and secure. Some of the most popular UPI apps include Google Pay, PhonePe, and Paytm. These apps are all backed by major banks and financial institutions, so you can be confident that your money is safe.
Keep your UPI PIN safe
Your UPI PIN is the key to your money, so it is important to keep it safe. Do not share your PIN with anyone, and never enter it on a website or app that you do not trust. You should also change your PIN regularly.
Verify the recipient’s details before making a payment
Before making a payment, make sure that you verify the recipient’s details carefully. This includes the recipient’s name, UPI ID, and mobile number. You can also verify the recipient’s identity by using the “Verify Payment Address” feature on your UPI app.
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Be careful of phishing scams
Phishing scams are a type of fraud in which scammers try to trick you into revealing your personal information, such as your UPI PIN or bank account number. Phishing emails and text messages often look like they are from a legitimate source, such as your bank or a payment app. However, they are actually from scammers. If you receive a suspicious email or text message, do not click on any links or open any attachments. Instead, contact the company directly to verify the message.
Keep your device secure
Your device is also a target for hackers. Make sure that you keep your device secure by installing a security app and keeping your operating system and apps up to date. You should also use a strong password or PIN to lock your device.
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Additionally. here are some other things you should keep in mind to protect your UPI payments:
- Use a biometric authentication method, such as fingerprint or facial recognition, to log in to your UPI app.
- Enable two-factor authentication (2FA) for your UPI app. This will add an extra layer of security by requiring you to enter a code from your phone in addition to your UPI PIN when you make a payment.
- Be careful about what information you share online. Do not share your UPI ID or bank account number on social media or other public forums.
- Be suspicious of any unsolicited requests for your personal information. If you receive a call or email from someone asking for your UPI PIN or bank account number, hang up or delete the message.
