How are UPI frauds done?

UPI frauds are executed through various deceptive tactics. Common methods include phishing, where scammers impersonate bank representatives to trick users into revealing sensitive details like UPI PINs or OTPs. Fraudsters also exploit the "Request Money" feature by sending deceptive payment requests disguised as refunds or rewards. Other scams involve fake UPI apps, malicious QR codes that initiate payments instead of receipts, and impersonation. Vigilance is crucial to protect against these scams.