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AEPS Frauds

AEPS Frauds

There are so many frauds are going on,one of the famous one is UPI scams and frauds. Brought together Installments Connection point (UPI) has turned into a well known stage for computerized exchanges in India, yet tragically, it has likewise turned into an objective for different tricks. Here are a few normal kinds of UPI Frauds

QR Code Scams

Scammers create phony QR codes and get people to scan them to make payments. These QR codes might prompt false installment demands or unapproved reserve moves.

Fraudulent Requests for Money

Users may receive fictitious payment requests from fraudsters posing as friends or family members in urgent need of funds. Users who don’t know better may give in to these requests and make payments to the scammer’s account.

Unauthorized Transactions

Through a variety of methods, fraudsters can gain access to a user’s UPI credentials and carry out unauthorized transactions from the user’s account without the user’s knowledge.

Fake QR Code Payments

There are so many mobile apps available which help scammers to generate the payment made receipts. Scammers used to say that they made the payment but actually they did not made the payment.

Scam Payment Requests

Scammers used to say that they are paying but actually they are sending the request to person to pay. People used to forgot that for receiving the money they don’t have to use their PIN.PIN is used only while making the payments

Unauthorized Transactions

Through a variety of methods, fraudsters can gain access to a user’s UPI credentials and carry out unauthorized transactions from the user’s account without the user’s knowledge.

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