UPI or Unified Payment Interface is a real time payment system developed to facilitate seamless inter Bank transactions by using uniquely generated UPI ID without the hassle of typing your card details, or net banking/wallet password. To be able to Send and Receive money using UPI, both parties need to have a UPI Client installed which comes in the form of various apps such as BHIM, PhonePe, Google Pay to name a few.
One can either Send / Receive Money using UPI ID and Pin. Sending money requires you to enter a PIN while receiving money does not. For receiving payment via UPI you just need to provide your UPI ID to the Sender.
To receive money, the receiver just needs to share his VPA (UPI ID) with Sender. Receiving money does not require you to enter PIN.
Nowadays, Scammers have started posting Fake Customer Numbers in the review Section of businesses. Generally for those Businesses which do not answer Support Calls after working time. Scammers get an advantage of this and post their own numbers as Customer Care Number.
When people try to contact an official number given on the site, in most of the scenarios it happens to be a Landline number. Due to this it does not get answered after the office time. As customers want to resolve their Issues quickly, they tend to search for alternate numbers and land themselves into fake customer care numbers.
After calling such numbers, the fake representatives often ask for account details and OTP for said verification purposes, people submit the information and end up losing the money.
PhonePe is one of the popular UPI Applications that enables sending and receiving money from and to any bank account seamlessly with just an UPI ID.
Nowadays Scammers are using a new tactic to fraudulently get the money via UPI using Social engineering.
Here’s how the scam happens:
Read More about UPI Related Frauds : https://cyberforensics.miniorange.com/upi-fraud/