Online money transfer through UPI: How to protect yourself from frauds

India is making a significant transition towards digital payment system. The government has been relentlessly pushing towards a more digital economy. National Payments Corporation of India (NPCI) has come forward to inform and make people aware about Unified Payments Interface (UPI). UPI allows users to transfer money instant from one bank account to another round the clock, on a real-time basis. Transfers are instant from one bank account to another round the clock. The user does not need to share credentials such as bank account details or bank codes. An individual can use multiple bank accounts on a single app. UPI, which was launched by NPCI in 2016, has grown faster than other mode of digital payment in India

Let’s take a look at the safety guidelines while performing UPI and other digital payments/transactions