UPI – Unified Payments interface, now is a must every smartphone. Why?  Because they are making our lives easy. The financial transactions are made easy with these apps. But recently people are being scammed using the “Request Pay” function of the app.  According to the Livemint reports the UPI-based payment apps and classifieds portals are seeing rising frauds. Fraudsters often misuse UPI’s “request money” feature to prompt the victim to enter the PIN, which authorises a transaction.

These cheaters are posing as online buyers and approaching people who post items to sell on online portals such as OLX etc. They negotiate the price and convince the victim that they would like to buy the item. And in the pretence of More >

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