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Understanding Fake UPI Transactions: How Scammers Operate

This presentation explores common fake UPI transaction scams and how fraudsters deceive users. It highlights scam techniques like fake payment screenshots, QR code fraud, and phishing links. Learn how to identify and prevent these scams to protect your money.<br>Read More: https://surepass.io/blog/how-fake-upi-payment-scams-work/

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Understanding Fake UPI Transactions: How Scammers Operate

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  1. Understanding Fake UPI Transactions: How Scammers Operate How fraudsters trick users & ways to stay safe

  2. Introduction • The rise of UPI payments in India • Convenience vs. Security Risks • Why users need to be cautious

  3. What is a Fake UPI Transaction? • Definition: A fraudulent UPI transaction that tricks users into sending money unknowingly • No actual transfer of money in some cases (social engineering scams)

  4. Common Methods Used by Scammers • Fake Payment Screenshots – Fraudsters send edited UPI transaction receipts • QR Code Scams – Scammers send QR codes that debit money instead of crediting it • Request Money Scam – Fraudsters request money instead of sending it • Phishing Links & Fake Apps – Links to fake UPI portals that steal banking details • Customer Support Fraud – Fake helpline numbers that trick users into sharing OTPs • KYC Verification Scams – Fraudsters posing as bank representatives asking for UPI details

  5. Fake Payment Screenshot Scam • Scammers send a fake UPI receipt as proof of payment • How to verify: Always check the UPI app transaction history

  6. QR Code Scams • Fraudsters ask users to scan QR codes claiming it will credit money • QR codes can be designed to debit money instead • Tip: Never scan QR codes from unknown sources

  7. Request Money Scam • Scammers send a UPI “Request Money” notification • If users approve, money gets debited from their account • How to stay safe: Reject unknown requests

  8. Phishing Links & Fake Apps • Fraudsters send fake links that resemble UPI apps • Entering details leads to credential theft • Tip: Only download UPI apps from official sources

  9. Customer Support & KYC Scams • Fake customer support numbers available online • Scammers ask for OTP, PIN, or UPI credentials • Banks never ask for such details – Always verify from official sources

  10. How to Identify a Fake UPI Transaction • Cross-check transaction ID in bank statement or UPI app • Avoid transactions based on screenshots or SMS confirmations • Verify QR codes before scanning

  11. How to Protect Yourself • Always verify transactions in your bank statement • Never share your UPI PIN, OTP, or credentials • Use official UPI apps and avoid third-party sources • Report fraud to the Cyber Crime Portal (www.cybercrime.gov.in) or UPI app support

  12. What to Do If You Are Scammed? • Immediately report to your bank and block the transaction • File a complaint at NPCI (https://www.npci.org.in/) • Report the scam on Cyber Crime Portal • Raise awareness among others

  13. Conclusion • Fake UPI transactions are on the rise • Awareness is the first step to preventing fraud • Always verify before making payments

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