I’ve been using UPI since its very early days when it used to fail quite often. UPI is still one of the best things to happen in the financial scene in India. However, these days, personally, I’m trying to reduce it to either known people, or established institutions. I wish there is another layer of tokenization when one pays via UPI, like how Apple Pay does. I wish that the transaction is obfuscated and the phone numbers and/or UPI ID are hidden.
You pay for a nice hot cup of ₹10 Chai on the streets but then you got a phone call later on - naively to upsell something, or the next step up, trying to scam you. Unlike me, my wife continues to pick up every incoming phone calls. We have had enough calls from people whom she paid via UPI trying to sell or this/that and what not.
There is a scam going on in India. Random females, who are either naked or scantily clothed, will call up on WhatsApp Video. If you pick up the call, say while in the bathroom and not fully clothed, they will take screenshots and threaten you that they will make that picture “viral” to extort money. I won't be surprised if there is an under-belly of phone numbers and other data being sold that were collected via UPI payment transactions.
Cash is still OK at the tea-stalls, the random shop, etc. Well, when I just wanted to have a simple Bombay’s cutting-chai but the chai-guy wants my phone number, and everything else -- I'm not comfortable with that.
You pay for a nice hot cup of ₹10 Chai on the streets but then you got a phone call later on - naively to upsell something, or the next step up, trying to scam you. Unlike me, my wife continues to pick up every incoming phone calls. We have had enough calls from people whom she paid via UPI trying to sell or this/that and what not.
There is a scam going on in India. Random females, who are either naked or scantily clothed, will call up on WhatsApp Video. If you pick up the call, say while in the bathroom and not fully clothed, they will take screenshots and threaten you that they will make that picture “viral” to extort money. I won't be surprised if there is an under-belly of phone numbers and other data being sold that were collected via UPI payment transactions.
Cash is still OK at the tea-stalls, the random shop, etc. Well, when I just wanted to have a simple Bombay’s cutting-chai but the chai-guy wants my phone number, and everything else -- I'm not comfortable with that.