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As UPI Transactions Surge, Fraudsters Hone In On Vulnerabilities
The increased convenience offered by the platform has drawn customers and payment service providers but also fraudsters.
25 Nov 2019, 04:43 PM IST
Payment transactions via the Unified Payment Interface or UPI have surged in the last few years. At last count, in October, over a billion transactions worth over Rs 1.9 lakh crore were done through UPI platforms.The increased convenience offered by the platform has drawn customers and payment service providers but also fraudsters.No official data on such frauds is available with the National Payments Corporation of India. BloombergQ...
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