End Of UPI Scams: Online payments through UPI have made our lives extremely easy, but with this it has also increased the risk of online scam. Thousands of people have lost their hard earned money by getting caught in the trap of payment requests sent by the scammers. Now to curb this, the National Payment Corporation of India (NPCI) has taken a major step. From October 1, payment requests will stop sending payment requests on apps like Google Pay and PhonePe, which will prevent such fraud.
How does a fraud with payment request work?
Nowadays, instead of sending money to another person on UPI apps, a person can send a request of money. Scammers take advantage of this feature. Instead of sending money to people, they used to send a request of money. Many people used to understand the information about the money coming in a hurry or confusing in a hurry or confusing and approved it without paying attention, which would cut the money from their account. Such scams were also very common on online shopping websites like OLX, where thugs, in disguise of sellers, used to send customers by sending payment requests.
Big changes also made in UPI Lite
Along with making UPI payment safe, NPCI has also made some significant changes in the UPI Lite version to make it more convenient. Let us tell you that UPI Lite acts like a prepaid wallet, which is directly made in the UPI infrastructure.
Increased Limit: Earlier you could have put a maximum of ₹ 2,000 in this wallet, which has now been increased to ₹ 5,000.
Single Payment Limit: The limit of payment at one time has also been increased from ₹ 500 to ₹ 1,000.
Auto Top-Up: Now you can also set auto top-up facility in UPI Lite. With this, whenever the amount of your wallet will be less than a certain limit, it will automatically be topped, and you will not need to put money in a manually manually manner.
All these changes being made by NPCI are an important step towards making the UPI more safe and better.