Link UPI app to bank account having limited funds; set daily limits

Quick Summary:

Fraudsters also place fake QR codes over legitimate ones-on parking meters, donation boxes, etc.

Sometimes, scanning a QR code installs malware on a victim’s phone, which intercepts OTPs (one-time passwords) or accesses the UPI app and carries out unauthorised transactions.

But UPI frauds also tend to impact many people due to its massive user base,” says Vikram Babbar, partner, EY forensic and integrity services–financial services.

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Article Details

Category: BusinessFinance

Markets: IndiaMali

Topics: Your money Online frauds UPI transactions

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 20:26:42 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 609 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23948693

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 341 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

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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