#upi payment system

[shamelessbouquetfoxfan]

How does UPI ID works for payment transfer?

The UPI system has become the go-to method of conducting various day-to-day transactions in India. It is one of the most popular banking systems with more than 2 billion transactions per month.

https://www.quora.com/How-does-UPI-ID-works-for-payment-transfer/answer/Finacus-Solutions

[ultralefttreestudent]

How Can Digital Transactions Grow With UPI System

Over the past 4 years, digital transactions in India have seen new heights with the UPI payment system as the platform.

[austin344]

Avoid these 5 mistakes while doing your transaction on any UPI

UPI that is unified payment interface has made the transaction of money much easier between two parties.

[thehomosapien7495]

Avoid These 5 Mistakes While Doing Your Transaction On Any UPI

UPI that is unified payment interface has made the transaction of money much easier between two parties. Due to the UPI payment system, you can make money transactions from banks to any merchants without filling-up any details about your card or net banking password. You can follow-up on the UPI system available on various apps such as PhonePe, Paytm, Whatsapp, BHIM, etc. 

UPI payment system has provided us ease for money transaction but you must have to be alert while using the system. Certain mistakes you have to avoid while using the UPI system or else your account could be hacked due to your carelessness. 

Mistake #1: Stop trolling your details on social media 

You must have to be careful about your credit card details, UPI's OTPs registration and email details. You can't share or click these details to prefer someone through social media. If any link asks your card detail then consider that link as a fraud because the bank would never ask such details. Whatever you're sharing through social media, is always going to be saved in their system. So, one could hack your account from anywhere or anyplace. 

According to the Times of India report, fraudsters ask you to download the AnyDesk app, so that they could directly connect your bank account and can do their transaction through your account. Whereas, many fraudsters could ask your details and can create virtual payment access (VPA). Further, they can do transaction by setting by MPIN. 

Thus, never share any of your details on social media.

Mistake #2: Never click directly to the unknown link

Various fraudsters set-up the link and when you click them directly, it may show your UPI system details. Such a link can mostly be shown to your email account with the attractive headline but when you click them it opens up with different content. These links would ask passwords or personal information. Never tempt to fill such information as a bank would never ask that details via phone. 

Mistake #3: setting-up easy password

Never set password according to your birth-date, name and contact number, as it would make easier to hack. Don't click on remember password on any website. Make your password strength high so that no-one would be able to hack. 

Mistake #4: Making use of unknown WiFi

Shopping centers, tea stalks, cafes have WiFi facilities but never use that WiFi for a transaction. That internet could access your internet and it would be easier to hack your details. If you have no option without using their WiFi than after the transaction immediately change your password. 

Mistake #5: Not updating software

Don't neglect, if your device asks for updating software. The software can scan hacking trouble before you get to know. So keep updating your device software regularly. Also, keep checking that do you get SMS or mail when you make a transaction. Update your phone number and contact to UPI solution provider for the further registration process. 

Various UPI solution providers are opening up the gateways of money transactions through UPI and RTP. Hence, it’s time to go cashless by using such platforms.