UPI payment system is now being appreciated across the world. The system provide us easy method to pay digitally from our bank account directly. Unified Payments Interface, a payment system created by NPIC today, allows you to send instant payments using a personal identification number.
We all use UPI to make payments every day, and even while every transaction is safe, it is still important to use some safety precautions. There are few gaps due to which several people lost money. Security issues exist when using apps like GPay, PhonePe, PaytmUPI, JioUPI, and WhatsApp Pay. To ensure a secure UPI payment, you must abide by the safety precautions. Here in this article, we have emphasised few points for better UPI security.
Use a screen lock:
It’s imperative to have a screen lock on your smartphone; make sure it has password security, even if it’s just a PIN number or pattern. Users are required to have a password, pin, pattern, or the fingerprint. This not only helps you make UPI payments secure but also guarantees the security of your smartphone.
Never disclose your UPI pin to anyone:
Since your UPI pin is a necessary component of every transaction, keeping it private should be your top priority. It is not a good idea to write down the pin anyplace on paper or to store it as a phone contact. Simply commit the pin to memory and keep it private. Furthermore, maintain your confidentiality while making a payment by not allowing anyone to see your pin. Change your UPI Pin as soon as possible if you believe it has been compromised.
Don’t end up using multiple apps:
Even while there is no risk in utilising numerous payment applications, it is advised not to use too many of them, even if you are following to all of the UPI safety rules. Utilising an excessive number of applications, such as Jio UPI, Airtel UPI, Paytm UPI, PhonePe UPI, BHIM UPI, WhatsApp pay, Google Pay, BHIM SBI UPI, and many others, it will be challenging for you to handle the payments and accounts if you use this many UPI applications. Utilizing no more than two UPI payment systems will help to ensure the highest level of transaction security.
Do not click on suspicious links:
Innocent people with technological difficulties are lured by scammers, who then force them to click on a random link to transfer money. The fraudster will ask you for your UPI pin once you click on one of these URLs in order to obtain the promised benefit, but as soon as you enter the pin, the funds are transferred to the scammer’s account. These scams are popular, so you should use caution when clicking any link that seems dubious. Keep yourself safe by according to these UPI safety recommendations and avoiding scam calls. You can also report these scam calls to the cyber police.
Update the UPI app:
Although automatic updates guarantee that your UPI app is latest, it is still beneficial to check to see if an update has been made. A update will make your UPI payment secure and have fewer technical problems. This UPI safety advice is crucial because the majority of payment issues are caused by the app itself, so make sure your app is up to date.
Turn-off screen recording and sharing:
Screen-sharing applications shouldn’t be allowed access to your UPI applications. This is due to the possibility that some unverified applications could lead to data breaches, endangering your sensitive financial data such your passwords and one-time passwords. You can always go into the settings and disable blanket access for such screen-sharing programmes.
Double check the recipient’s details:
Before completing the transaction, you should confirm the recipient’s identification. The registered identity of the receiver is shown on your device’s screen as soon as your UPI app recognises the QR code or as soon as you manually enter a number or VPA for payments. It is typically a good practise to confirm that the registered identification is accurate by asking the person in question before approving the transaction. You can be sure the money is going to the right person by doing this. Because UPI transactions are final, you must adhere by the UPI Safety Tips.
Some other safety tips:
There are a few additional safety measures you may take while using UPI to keep your money secure:
- Watch out for spam alerts, such as the fact that third-party apps have started to mark suspicious UPI requests coming from unknown accounts as spam and display a spam warning next to them.
- Follow security best practises by including biometric security in your UPI applications. To guarantee you are adhering to UPI Safety Tips, never, ever, ever give anybody else access to your device PIN or UPI PIN.
- Watch your account carefully; you might be missing minute red flags that can be picked up with this method.
- Avoid using public Wi-Fi and search for a trusted Wi-Fi network before connecting.
- Your UPI PIN should only be entered on the UPI PIN page and should never be given to anyone else. This is comparable to an ATM pin, which needs to be protected.
- You should always confirm the debit through the SMS you receive after making a payment so that you are immediately aware of the precise amount that was taken from your account. A real-time alert via SMS is also sent for any money that has been taken from your account.
- It’s best to ignore and quickly end the call when someone calls and offers you jackpot or money.
- If something goes wrong, you can reach official customer service numbers immediately from the app you’re using.