Unified Payments Interface (UPI) has revolutionized the way we transact in India. With popular UPI apps like Google Pay (GPay), PhonePe, and PayTM, making payments has become seamless and convenient. However, with the increasing adoption of digital payments, the risk of fraud and cyberattacks has also risen. To ensure the safety of your hard-earned money, it is crucial to follow some best practices while using these UPI apps. In this article, we will discuss the top 5 tips for GPay PhonePe and PayTM Users, to stay safe while making UPI payments.
Tip 1: Keep Your Mobile Device Secure
The first line of defense against any cyber threat is securing your mobile device. Follow these steps to ensure your device’s safety:
a. Use a strong password, PIN, or biometric authentication to lock your phone.
b. Keep your device’s operating system and apps updated to the latest version.
c. Install a reliable antivirus or security app to protect against malware and other threats.
d. Avoid downloading apps from untrusted sources or clicking on suspicious links.
Tip 2: Enable App Lock for UPI Apps
GPay, PhonePe, and PayTM offer in-app security features like app lock, which require authentication before accessing the app. Enabling this feature adds an extra layer of security to your UPI transactions. To enable app lock:
Open the app and tap on your profile picture.
Go to ‘Settings’ > ‘Privacy & Security’ > ‘App Lock.’
Turn on the ‘App Lock’ toggle and set up your preferred authentication method.
Open the app and tap on the hamburger menu (three horizontal lines) in the top left corner.
Go to ‘Settings’ > ‘Security & Login’ > ‘App Lock.’
Turn on the ‘App Lock’ toggle and set up your preferred authentication method.
Open the app and tap on the hamburger menu (three horizontal lines) in the top left corner.
Go to ‘Settings’ > ‘Security & Privacy’ > ‘App Lock.’
Turn on the ‘App Lock’ toggle and set up your preferred authentication method.
Tip 3: Be Cautious of Fraudulent Calls and Messages
Fraudsters often pose as customer care representatives or send phishing messages to trick users into revealing sensitive information. Keep these points in mind to avoid falling prey to such scams:
a. Never share your UPI PIN, password, or OTP with anyone, even if they claim to be from the app’s customer care.
b. Do not click on suspicious links or download attachments from unknown sources.
c. Verify the authenticity of any customer care number before calling or sharing information.
Tip 4: Monitor Your Transaction History Regularly
Regularly reviewing your transaction history can help you identify any unauthorized transactions or discrepancies. If you notice any suspicious activity, report it immediately to your bank and the UPI app’s customer care.
Tip 5: Set Transaction Limits
Setting transaction limits can help you control your spending and reduce the impact of unauthorized transactions. Most UPI apps allow you to set daily or per-transaction limits. To set transaction limits:
GPay
Open the app and tap on your profile picture.
Go to ‘Settings’ > ‘Privacy & Security’ > ‘Daily Limit.’
Set your preferred daily transaction limit.
PhonePe
Open the app and tap on the hamburger menu (three horizontal lines) in the top left corner.
Go to ‘Settings’ > ‘Transaction Limits.’
Set your preferred daily and per-transaction limits.
PayTM
Open the app and tap on the hamburger menu (three horizontal lines) in the top left corner.
Go to ‘Settings’ > ‘Payment Settings’ > ‘Transaction Limits.’
Set your preferred daily and per-transaction limits.
In conclusion, Users can ensure a safe and secure experience by following these top 5 tips for GPay PhonePe and PayTM while making UPI payments. Remember, staying vigilant and adopting best practices can go a long way in safeguarding your financial transactions.