Do you carry cash in your pocket now? maybe not. In fact, most of us prefer online payments wherever possible. We even have multiple Unified Payment Interface (UPI) connected payment applications such as Google Pay (GPay), Paytm, PhonePe, among others installed in our smartphones.
The making process Online payment It is very easy with these apps, however, sometimes even a minor mistake like wrong click, number etc. can cost you a huge financial loss. Here are some safety tips you should consider when building. UPI Payments
1. Screen lock: Having a strong screen lock, password or PIN for all payment or financial transactions, not just for your phone Apps is very important. This not only protects your phone from falling into the wrong hands but also helps prevent leakage of personal and important details. However, you should avoid simple passwords like your name, date of birth, mobile number, etc.
2. Do not share your PIN: You should never share your PIN with anyone. Sharing your PIN makes you vulnerable to fraud as anyone can access your phone and transfer money. If you believe your PIN has been exposed, you should change it immediately.
3. Do not click on unverified links or attend fake calls: A lot of fake messages containing some unverified links keep arriving in your inbox. You should avoid clicking on such links as it may cause you heavy financial loss. You should also avoid picking up fake calls. The caller pretends to be calling from your bank or some other organization and may ask you for your details like PIN, OTP etc. Hackers Usually share links or call and ask users to download a third-party app for verification. It should be noted that banks never ask for PIN, OTP or any other personal details.
4. Update UPI app regularly: Every application needs updates and every update brings better features and benefits. You should always update the UPI Payment app to the latest version.
5. Avoid using multiple payment applications: You should avoid having multiple payment applications in your phone and install only trusted and verified payment applications from Play Store or App Store.
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