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.
Hey I am on Medial • 1y
UPI has revolutionised the payment scenerio in India and indeed UPI involved complex tech and India is also giving this technology to other countries like Ghana. So my question is that, why countries like USA, Japan and other European countries are s
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