BharatPe launches offering to protect users from digital transaction frauds

Quick Summary:

Other such platforms like Paytm too have similar fraud protection plans.

In 2023-24 (FY24) alone, 1.34 million fraud cases were reported, amounting to losses of Rs 1,087 crore.

Indians have lost Rs 485 crore to frauds on the UPI across 632,000 reported incidents during the ongoing financial year (2024-25/FY25) until September.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Digital transactions Bharat UPI transactions UPI Bharatpe users Bharatpe

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 16:25:47 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 297 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24138183

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 232 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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