![]() The app uses near-field communications technology for making contactless payments, and it lets customers make payments wirelessly without having to sign any papers or documents at the merchant's terminal. It lets users initiate online payments at POS terminals by simply scanning the QR code during purchases and approving transactions. Google Pay works by letting users link their bank account numbers to the UPI via credit and debit card details. As mobile wallet usage has increased, customers need to understand how these wallets work, including the step they need to take to ensure their accounts stay secure and not get breached.Īlso Read: How to detect fraud activities in fintech? How Does Google Pay Work? Over 50,000 websites online accept Google Pay UPI as a mode of payment which means scammers have plenty of opportunities to trick users and steal their money. ![]() Mobile wallet apps have garnered attention over the past two years, and Google Pay transactions are processed through regular credit/debit cards. The COVID-19 pandemic has changed the way businesses operate, with many owners choosing to transition to digital modes of payment. Google Pay fraud can be classified as any scam that fraudsters lure or manipulate victims into making money transfers through the app. ĭid you know? Google Pay was initially launched as Tez in September 2017. This guide will cover what Google payment fraud is, how to protect yourself from unauthorised transactions, and steps you can take to file UPI fraud complaints. ![]() You can use Google Pay to send money to your friends and family, but there is a slight chance attackers could pose as your loved ones. Google Pay fraud is a type of real-time fraud where the attacker gets users to click on malicious links and leak sensitive details. Social engineering tactics are a huge problem, and sometimes scammers use manipulation strategies to fool victims into giving out their credentials.
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