New to UPI? Don’t worry! This video takes you through the ABC of UPI — from setup to seamless payments 📲💳 Watch, learn & go cashless with confidence 🚀✨ #UPI #DigitalPayments #CashlessIndia #Fintech #DigitalIndia | Ministry of Electronics & Information Technology, Government of India

The Unified Payments Interface (UPI), used for immediate money transfers through mobile devices, has become the fastest-growing payment mode in the country. Dubbed 'India's first UPI ATM', the new feature eliminates the need to carry physical ATM cards and is hailed by internet users as a ''game changer.'' Union Minister Piyush Goyal posted a video on X, that showed Ravisutanjani, a FinTech influencer, demonstrating how to withdraw cash from an ATM using UPI. In the video, Mr Ravisutanjani, who

“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