India's wildly popular payments system attracts scammers

Fast and free, India's UPI payments system has been a big success, but has attracted scammers.

British Broadcasting CorporationWatchHomeNewsSportBusinessInnovationCultureTravelEarthVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC VerifySportBusinessExecutive LoungeTechnology of BusinessWomen at the HelmFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureTravelEarthVideoLiveAudioWeatherNewslettersWhy both businesses and scammers love India's payment system18 hours agoBy Priti Gupta, Technology ReporterShareArun KumarInstant payments have made Arun Kumar's transactions much smootherEvery day, for the last seven years, Arun Kumar has set up his fruit stall on a busy Mumbai street.

It's not an easy way to make a living.

“Being a street vendor is a challenge. There's the fear of being robbed or, as I am not a licensed vendor, the local body can come and dismantle my store anytime," he says.

But over the past four years at least one aspect of his work has become easier.

“Prior to Covid everything was in cash. But now everyone pays with UPI. Scan the code and the payment is done within seconds.

https://www.bbc.com/news/articles/c288m1km01po

---