Mysore/Mysuru: UPI or Unified Payments Interface has earned popularity for its user-friendliness interface. It is a single platform that brings many banking services and features under one universal roof.
However, with the increased number of transactions happening through UPI, there has been a significant rise in the cases of bank fraud. Dhiraj Kumar Chaubey, a businessman and a resident of Hebbal in the city, lost Rs. 14,400 on Nov. 15 as a UPI app was automatically installed on his phone while he was interacting with a fraudster, posing as a customer service executive of a telecom company.
