Using UPI app? What to do if lose your mobile phone

Unified Payments Interface (UPI) allows users to transfer money any time, on a real-time basis, without revealing details of one’s bank account to the other party. It allows safer and hassle free payments of your electricity, broadband and mobile bills. The simple, hassle-free three-year old payment system launched by National Payments Corporation of India (NPCI), is gaining immense popularity. The number of transactions via UPI continues to rise, clocking 1.31 billion transactions in December.

It is important for customers to be aware of all that would save them from online fraudsters.

In case you lose your phone

If you lose your phone, block the account linked on any UPI app present on the phone.