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UPI FRAUD PREVENTION
84% of Indian banking leaders report rising fraud losses, AI-driven threats emerge as major concern: ReportAs artificial intelligence increasingly reshapes the financial sector, Indian banks are facing a sharp rise in fraud-related challenges, wi...- Forensic experts call for AI-driven playbook to counter deepfakes and digital scamsFinancial crime is evolving rapidly with AI-generated deepfakes and complex fraud rings. Traditional methods are no longer sufficient. Expe...
- India to use AI to protect consumers from money mule banking cyber fraud, announces Home Minister Amit ShahIndia will now use Artificial Intelligence to fight money mule banking cyber fraud. The Home Minister announced a partnership between the I...
- Trust at scale: What it takes to build a resilient digital asset ecosystem in IndiaAs India leads global digital asset adoption, building a robust trust infrastructure is critical. The article emphasizes a systems approach...
- Mother's Day Special: How AI, apps are empowering women to manage finances, improve health, build careerWomen are learning to keep pace with the ubiquitous apps and AI, shrugging off dependence on their kids for financial transactions, online ...
- RBI brings cross border transactions under e-mandate rules, allows customer to opt out anytimeThe Reserve Bank of India is enhancing digital fraud prevention. Cross-border recurring electronic payments via cards, prepaid instruments,...
- Beyond KYC: Why digital trust needs real-time intelligenceAshok Hariharan of IDfy argues that digital trust must evolve beyond one-time KYC to continuous, intelligence-led risk assessment across th...
- From trusted persons to kill switch: 6 ways how RBI is planning to safeguard your online paymentsAmidst rising online fraud, the RBI proposes enhanced digital payment security. Key measures include a one-hour wait for new payees and hig...
- RBI may soon make you wait an hour before your UPI transfers goes throughThe Reserve Bank of India is exploring new measures to curb digital payment fraud. A key proposal suggests a one-hour pause for large trans...
- Cred introduces biometric authentication for UPI payments up to Rs 5,000Fintech platform Cred now allows users to authorise UPI payments up to Rs 5,000 with face or fingerprint. This new feature, developed with ...
- Compensation for cyber fraud: RBI’s new initiative works for many customers but know when it doesn’t work for othersDigital transactions are rising in India. This has led to an increase in digital frauds. The RBI is proposing compensation for customers lo...
- HC seeks RBI, Govt reply on UPI fraud safeguardsThe Delhi High Court has asked the Finance Ministry, Reserve Bank of India, and National Payments Corporation of India for their response. ...
- GFF 2025 decoded: going public, AI’s ascent, & the fight against fraudThe next six months will be a litmus test for the sector. Groww, Razorpay, PhonePe, Turtlemint, and Kissht public listings are lined up, an...
- Stuck UPI payment on PhonePe, Google Pay, Paytm? Possible fraud prevention against flagged mobile numberTo combat financial crime, the Department of Telecommunications has adopted the Financial Fraud Risk Indicator (FRI), disseminated through ...
- New UPI rules from June 30: This big update by NPCI could save you from UPI-related frauds, check howNew UPI rules: Soon, UPI payments will only display the beneficiary's verified bank name before transactions, as mandated by NPCI. This aim...
- Don't leave your crease: ICICI Bank asks UPI users to follow cricket strategy to stay safe from fraudsICICI Bank issued a warning about rising fake UPI payment scams, urging caution through social media. They shared a video advising users to...
- A new weapon against online payment frauds: Timely alerts on transactions via UPI, debit card, credit card, Net and mobile bankingFraud transactions: Banks like Standard Chartered Bank, HDFC Bank, ICICI Bank, and others have implemented a fraud protection measure where...
- Follow these tips to prevent UPI frauds
- Google Pay wants to teach you how to avoid UPI fraudstersGoogle Pay has urged users to keep their UPI PIN a secret, download only trusted apps, and use the payment app to reach customer care. The ...
- How UPI-based frauds take placeIn October, UPI based transactions have hit a landmark of one billion transactions. Therefore, as methods of making payments have become te...
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