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 case
Frequency of transactions and rising popularity are the drivers.
Ease of creation of Fake UPI IDs, lack of strong authentication and awareness are some reasons.
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