- Fraud is being perpetrated by fake Paytm app.
- Paytm cautioned.
- Fake payment is being made by showing the payment confirmation page.
Smartphones and the Internet have led to an increase in online payments. Currently on the market for online payments Paytm, Google Pay, PhonePe There are many apps available with. These apps are used for secure payments. However, there are various ways in which online fraud is being explored, which is why shoppers in particular need to be protected.
According to Paytm, the company has received information about a fake Paytm app, which redirects to the wrong payment confirmation page. A fake video is also going viral on social media Paytm Information about the app is given.
This fake Paytm app payment confirmation page is used to deceive shoppers. Paytm currently has about 23 million merchants. The company has also stated the method of verifying whether the amount was received after the customer made the payment.
Shopkeepers can use these three methods to confirm payment receipts
- SMS notification
- Notifications in Paytm for Business App
- paytm sound box
Paytm Soundbox supports a variety of payment options – Paytm wallet, debit and credit card, net banking and payments via Paytm QR code via BHIM UPI. So merchants with feature phones do not have to rely on SMS confirmation. Shopkeepers using Paytm should not only rely on the screenshots of the customers but also check that they have received money through different things.