21K views · 161 reactions | Bengaluru's small scale vendors are shifting from UPI to cash payments due to fear of heavy taxes after being slapped with GST notices. India’s “tech capital”, Bengaluru's street corners and marketplaces are slowly phasing out UPI payments and going old school with more cash payments — not due to tech failure, but due to fear of heavy taxes #technology #UPI #GooglePay #paytm #digitalpayments #India #bengaluru #GST #incometax | News Insider 24x7 | Facebook

“UPI fraud ho gaya” - but is the UPI system actually unsafe? At the recent Conference on ‘Tackling Cyber-Enabled Frauds & Dismantling the Ecosystem’, we spoke with Mr. Hardik Dixit, Head, Fraud Risk Management at NPCI, to understand whether the issue lies in the payment system or in user manipulation. He mentioned that •UPI follows RBI-mandated two-factor authentication •Payment happens only when the user enters their UPI PIN •When scanning a QR code, the beneficiary’s registered name is clearly