Do you use UPI payment applications such as GPay, Paytm, or PhonePe? While these technologies make our transaction patterns more convenient, they also have certain drawbacks that we must be aware of.
As a result, when using such applications, users must be aware of UPI payment safety tips and methods in order to prevent falling victim to cyber fraud. Simple precautions include avoiding clicking on strange websites, taking scam calls, and not disclosing sensitive transaction information such as PIN numbers and passwords.
Here are a few pointers to keep in mind if you want to avoid becoming a victim of UPI transaction fraud:
Share Your PIN With No-one
The first rule is to never divulge your PIN. Sharing your PIN with anybody, whether a friend, family member, or even someone you really trust, exposes you open to fraud. If your PIN has been discovered, replace it right away.
Use a Secure Password
Use a strong password to secure your phone and payment applications. Most individuals choose easy passwords such as their name, date of birth, phone number, and so on, which should be avoided. To make your password more secure, use a mix of letters, numbers, and characters.
Do Not Click on URLs That Have Not Been Verified
We often get fraudulent messages with links on our phone and email from unverified accounts or numbers. Never, ever, ever click on them. By sending these, fraudsters entice people with enticing incentives before asking them to give personal information such as PINs and OTPs. The caller then claims to be from your bank or another organisation and asks for your personal information.
By clicking on such links or answering such calls, many people have fallen victim to transaction/cyber fraud. They should be avoided.
Maintain a Basic Transaction Mode
Only use one of the payment applications, and be sure it’s a reputable and certified one. Fraud is more likely when many applications are used.
UPI App Should Be Updated On A Regular Basis
Every programme has to be updated, and each new version adds new features and advantages. The UPI payment app should constantly be updated to the most recent version.
