UPI frauds through OLX Quikr etc

UPI has a feature wherein an individual or a merchant can send the user a request to collect money. The user needs to authorize the transaction using a security PIN. This PIN is like an ATM PIN and not a uniquely generated one-time password OTP. Fraudsters would try to get you to input your UPI Pin instead of the the UPI ID, which makes the transaction go through. This is the first and most common variation of misuse of the “request money" feature in UPI at present.

“What also happens at times is that the fraudster will make a purchase on an online platform and enter your UPI VPA (virtual payment address) in the mode of payment. You will get the collect request. If you enter your PIN at this stage, you have paid for someone’s else’s online purchase. more  

View all 9 comments Below 9 comments
MOST COMMON ERROR IS THIS ,NOW AADHAR IS NOT MANDATORY FOR PURCHASE A SIM.
NOW CYBER CRIMINAL ARE USING SIM WITH ID

WHICH IS BACK BOON OF CYBER CRIME more  
It is very bad to hear that we find innovative way to cheat our near and dear one. more  
Many such cases are being posted in social media. If you give your UPI VPA (virtual payment address) in the mode of payment, amount will be debited from your account. more  
On any portal, when you by-pass the Portal's Payment Process, and prefer to transact personally, you're leaving yourself open to fraud.
The fault lies with you, as buyer or seller, in NOT following the Portal's Payment process - then why blame the portal ? more  
I was selling my AC on OLX. I got a call yesterday and that person wanted to pay me upfront without negotiation for the product. He asked me if i accept paytm, i said YES. Instead of direct paytm he was insisting for paytm UPI. gave him my banks UPI and asked him to transfer directly. He is missing post that. i suspect he intent to try similar tricks. more  
Post a Comment

Related Posts

    • Flight Fares range and ceiling defined

      DGCA released new minimum and maximum fare structure for routes. For the next three months, No flight ticket in India will be less than Rs 2,000 and and can not be more than Rs 18,600. These figure...

      By Vinita Agrawal
      /
    • Refund rules for Air India cancelled flights

      Air India is not refunding the amounts paid for travel abroad in May but asking passengers to travel by 30th September 2020 or 31st March 2021 and pay the fare difference if any. Why sho...

      By Shantinath Jain
      /
    • Can I claim without warranty..?

      Guys, bought one dell second hand refurbished laptop for 18K with one month verbal warranty, but same developed a major defect after 2 months of purchase. Seller refused to exchange of repair free....

      By Harish Verma
      /
    • Essential Commodities Act deregulated

      What is the Essential Commodities Act? It’s a law that gives the Centre and state governments the power to regulate the production, supply , distribution and prices of commodities....

      By Sarika Bansal
      /
    • Protecting yourself when shopping essentials

      * Stay at a distance of 6 ft from others while shopping, and stand in a queue. * Cover your nose and mouth properly with a cloth covering or mask. * Ideally, you should go to the store du...

      By Ashima Gupta
      /
    • Furlenco is a poor service provider.

      I took subscription from FURLENCO and after using the product, I raised request for unsubscribtion on 11th March for which FURLENCO had to pick up the product on 25th March and as all of you know t...

      By Anonymous Circle member
      /
    • Vodfoneidea nor refunding my money

      I have a vodafoneIdea sim. The number was provided by my employer when I was working with them but the bills were paid by me for many years through my net banking. Vodafone is a registered biller ...

      By S GOVINDARAJAN
      /
    • Jio service lacuna

      Kolkata New Town (City Centre2 vicinity) is facing Jio signal weakness/ disturbances. As this service lacuna is going on for long time I lodged a complaint recently with Jio care. Though initially ...

      By Ashutosh Chakraverty
      /
    • BIS and Consumer Affairs must act on Right to Repair

      2 years back I believe there was consultation and survey in the circles on service standards in India. Nothing has been done by BIS that I am aware. Not sure if this is even a priority for them. I ...

      By Radha Puri
      /
    • Covid-19 private hospital overcharging

      Some people had been asking me for details about the hospital. Couldnt get that one because patient was unwilling. Here is another one. Covid-19 patient billed for 4.43 lakhs. Go throug...

      By Seema Shah
      /
    • Paying for the business losses

      Almost every business and service has been asking for reliefs for their losses during the lockdown . own the line, as they restart their work, they will have to bear the cost of implementing the n...

      By Padmanabhan G
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)