UPI Frauds: Here's What You Should Know

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Unified Payments Interface (UPI)

UPI is a digital payment system that helps with instant transfers, integrated mobile ease, and broad reach.

UPI

Rising Complaints

There was a rise in the complaints related to UPI transactions and the losses that were incurred by it in the first six months of the financial year, 2024-25.

Rising Complaints

How UPI Scams Work

UPI scams tend to happen with simpler mind games, mobile technology and social engineering. 

Scam Scam

Tactics Used By Scammers

Most of the times scammers act as customer service representatives or officials from banks and tactically dupe the users into sharing sensitive details like UPI PINs or OTPs.

Money From Scammers 

There are also scams where the scammers ask for money from the customers in the name of incorrect payment or a fake screenshot as 'evidence' of a refund. 

Money From Scammers

Scammers' Tactics 

Fake QR codes or payment request links are also sent to the customers where their money is deducted. 

Scammers' Tactics

Immediate Reporting

It is important to report any such incident immediately to the Cybercrime helpline numbers. 

Immediate Reporting

Stay Safe 

One should never give the UPI PINs or personal banking information over the phone to anyone and should not install unfamiliar apps. 

Stay Safe

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