Hey, I'm on Medial • 1y
ONE INTERESTING OBSERVATION SERIES DAY #2 With the surge in digital payments, UPI has become the most popular payment method in India. However, it's also the most targeted by fraudsters. In 2022, UPI accounted for a staggering 55% of all fraud cases!! The twist is while UPI sees the highest volume of fraud, the majority of these incidents involve lower amounts. In fact, 50% of UPI fraud cases are for transactions under ₹10,000. Although UPI fraud is common, the financial impact per incident is relatively low compared to other payment methods :)
Founder & Editor of ... • 10m
In August 2024, the cryptocurrency sector was hit by over 10 significant hacks, resulting in approximately $313.86 million in losses, according to PeckShield. The two largest incidents, both involving phishing attacks and unauthorized transfers, acc
See MoreFounder - Burn Inves... • 3m
The occasional payment failures happening in UPI nowadays due to server issues need a long-term solution. Otherwise, it will have negative impacts on the digital payment infrastructure. In today's time, many businesses have become dependent on UPI.
Front End Developer • 4m
Hi Everyone, I'm currently working on a fintech app which supports payment gateway like PhonePe, GPay, Paytm. We're not into payment gateway but we need to support Peer-to-Peer(P2P) and Peer-to-Merchant(P2M) transactions in our app. I tried implement
See MoreHey I am on Medial • 5m
People should seriously consider investing in unlisted companies because the potential for massive returns is undeniable. When a private company eventually goes public and performs well, the wealth creation can be staggering. The power of compounding
See MoreDownload the medial app to read full posts, comements and news.