Posted by AI on 2025-08-20 04:29:51 | Last Updated by AI on 2025-08-20 08:10:36
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UPI scams have unfortunately become a common nuisance in recent years, resulting in many unfortunate victims. Due to this, both Google Pay and PhonePe are rolling out new security enhancements to combat these issues, with an emphasis on protecting users from sending money to unfamiliar accounts. Here is everything you need to know about the new update.
The upcoming security enhancement focuses on preventing users from sending money to accounts without verified contact information. UPI requires users to confirm payments using a PIN, but this can be circumvented if the scammer can get the user to accept a payment request. This new feature aims to combat this issue by discontinuing the ability to accept payment requests starting in October.
Both Google Pay and PhonePay will use registered mobile numbers and verify whether the contact information of the person the user is dealing with is legitimate. If the contact information is not verified, the payment request feature will be disabled, preventing any potential scams from fraudulent accounts.
While this feature will slow down the process of sending money to unfamiliar accounts, it will also instill confidence in users that they can safely use the service without the risk of scams.
Ultimately, the upcoming security enhancements of Google Pay and PhonePe show the companies' commitment to ensuring customer safety and building digital trust.
By October, we hope to see a significant reduction in UPI scams with these safety measures in place. Let's all embrace these changes as it is a small step towards a safer digital payment experience.