In India, digital transactions were up by 33% to 7,422 crore transactions in FY 22 [till 28 Feb’22 ] with UPI contributing to Rs 452 crore transactions worth Rs 8.27 lakh crore. The country has also witnessed a proportional rise in all other digital payment forms like credit cards, online banking, mobile banking, QR etc.
With growing digital payments, frauds are also on the rise. Around 80,000 frauds worth Rs 200 crore are committed to unauthorized QR or gaining confidence to install malware and making the customer use the unauthorized app.
Read More : https://economictimes.indiatimes.com/small-biz/money/key-concerns-about-online-payments-and-ways-to-overcome-them/articleshow/91847946.cms
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