🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Pods

Back

Arnav Sawant

working towards drea... • 13d

I think what's the biggest thinking lacking rn with UPI is security, yes there's a layer to put ur 4/6 digit pin , but on top of that ?? NOTHING , NADA. Scammers easily sweet talk into people revealing their pin or upi id to get them to transfer money into the scammers accounts. my idea : a validation step in between before paying. A community based trust system that notifies the sender the authenticity of the receiver as well as the date of creation of the account. I think this approach won't completely nullify frauds and scams but will bring it down to a very large extent ! Any views on this ? Also looking for a co-founder to work on this with

4 replies15 likes

Replies (4)

Greg

👤 • 13d

true, happened with a friend recently :)

1 replies1 like

Anonymous 1

Hey I am on Medial • 13d

Honestly its gullible Indian customers to blame, not the tech. It was made to simplify payments, not complicate it

1 replies

Recommendations from Medial

Rohan Saha

Founder - Burn Inves... • 1m

These days, all the scammers seem to be on Telegram, I don't know why. It’s become a strange trend among scammers lately.

1 replies8 likes

Jewelpik App

House of jewellery b... • 1m

Stealing from Scammers: Ethical Lessons from Spam Emails In today’s digital age, spam emails are a common nuisance, often from scammers trying to deceive and exploit people. The idea of "stealing" from scammers as a form of payback might seem tempti

0 replies2 likes

Laxit Rana
•

Repute • 7m

[PART -1 ]UPI is set to phase out debit card, and we will be here witnessing it :- - UPI is to introduce a new feature "UPI Circle" that allows users to delegate payment authority to family members or friends. So it basically enables primary account

2 replies9 likes

Varun D R

Senior Product Manag... • 10m

📢 UPI apps should include second-party approval for higher-value transactions. Imagine an elderly person adding their son as an approver. The son approves, and the user completes the transaction with their PIN

3 replies4 likes

Karan Sahu

Founder • 11m

Adani's eyes on UPI Ambani's eyes on UPI But these guys don't know what to offer customers other than what existing giants are offering. Everyone knows UPI is big and wants a share of the cake but no one knows how to build a consumer/user-centric pla

2 replies8 likes

Mahendra Lochhab

Content creator • 9m

India's UPI Enters Maldives India and Maldives have signed a pact to launch UPI in the Maldives, boosting the tourism sector.

0 replies1 like

Arcane

Hey, I'm on Medial • 10m

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

10 replies10 likes

Mamidela Dinesh Kumar

Turning Ideas into S... • 1y

Adding UPI to credit card is the ultra pro max definition of making one more poor. Would you take upi enabled credit card ?

10 replies17 likes

Gyananjaya Behera

Helping an Idea to S... • 11m

UPI Transactions Jump 5% MoM In May To 1,404 Cr Monthly Growth: UPI transactions rose 5% month-on-month in May to 14.04 billion, with transaction volume increasing 4.1% to INR 20.45 lakh crore. Yearly Growth: Year-on-year, transaction count surged

3 replies6 likes

Laxit Rana
•

Repute • 7m

Why Banks are preferring UPI for ATM cash withdrawal instead of traditional Cards No Physical Card Production: Issuing debit cards costs banks money (around Rs 150-200 per card for production, shipping, and activation). UPI eliminates this by workin

6 replies12 likes