Tech Desk: In at present’s period, each second individual does extra on-line transactions as an alternative of money transactions. On the similar time, UPI i.e. Distinctive Fee Interface is used probably the most in transactions achieved by means of cell. You too have to be utilizing many UPI apps like Google Pay, Paytm and Cellphone Pay on cell. In such a state of affairs, in case your telephone is misplaced and it isn’t safe, then you will get into large bother. Your account might be emptied by means of your telephone’s SIM card and UPI. In such a state of affairs, UPI ID together with SIM ought to be blocked instantly.

Dropping cell is extra harmful than shedding purse

In keeping with a lately launched tech report, UPI providers began in 2016, which was quickly adopted by the folks and within the monetary yr 2023-24, 131 billion transactions happened in India by means of UPI. However as a lot comfort was supplied by UPI providers, fraud circumstances additionally began rising by means of UPI. It may be understood in such a method that earlier folks’s wallets and cash have been stolen by reducing their pockets, however now this work has began occurring on-line. In such a state of affairs, steps have to be taken to guard oneself from this.