Tips for Safe UPI Payments
The government has issued a number of regulations aimed at accelerating digitisation in the nation, particularly in the area of financial transactions. People have begun to prefer online or digital transactions to cash after the emergence of the coronavirus epidemic. As a result, conducting online payments using UPI payments feature has grown in popularity in India in recent years, as seen by the large number of applications such as GPay, Paytm, PhonePe, and others that have been downloaded. UPI payments, on the other hand, have their own set of advantages and disadvantages. As a result, you should be familiar with all of the top UPI payment safety tips and tactics to avoid losing money. At all times, you must remain vigilant and vigilant against online or cyber fraud. A small mistake such as clicking on the wrong link, answering fraudulent calls, or disclosing personal information such as your PIN can result in significant financial loss. Tips for Safe UPI Payments Set a strong screen lock, password, or PIN not only for your phone but for any payment or financial transaction applications as well. Simple passwords, such as your name, date of birth, or phone number, should be avoided. Never disclose your PIN: Your PIN should never be shared with anybody. Anyone with access to your phone and the ability to transfer money can commit fraud if you share your PIN. If you believe your PIN has been compromised, you should update it right away. Do not click on unconfirmed links or answer false phone calls: Your inbox is constantly bombarded with bogus communications containing unverified links. You should avoid clicking on such links since you might lose a lot of money. It's also a good idea to avoid answering phoney phone calls. The caller may impersonate your bank or another organisation and ask for personal information such as your PIN or OTP. Hackers frequently send consumers links or phone them and ask them to download a third-party app to verify their identity. Banks never ask for a PIN, an OTP, or any other sensitive information. Version the UPI App on a regular basis: Every programme has to be updated, and each update adds new features and advantages. The UPI payment app should constantly be updated to the most recent version. Don't maintain several payment apps on your phone: Keeping numerous payment apps on your phone is a bad idea. Installing only trustworthy and certified payment apps is a good idea.