UPI Frauds in India: The Rising Concern and How to Stay Protected
India has seen an extraordinary rise in digital payments, fueled by the widespread adoption of the Unified Payments Interface (UPI). However, this growth has been accompanied by a significant increase in UPI Frauds. According to the Ministry of Finance, during the fiscal year 2024 (FY24), India reported approximately 1.34 million cases of UPI Frauds, resulting …