Have you ever experience any fraud from you money payments apps like Google pay, paytm, phone pay, jio pay, amazon pay or any other payment apps in India. If your answer is yes then you must read this article, this will help you for safe payments.
5 Securities tips for using payment apps India
1. Never share your pin
2. Never share your otp
3. Never click on any unknown links you received in your phone, whatapp or email
4. Frequently change your password
5. Never share your atm card details like card number, pin numbet and csv numbers with anyone.
Your money will never loss if you follow above four securities tips for your money payment apps. You can also use some simple tips while transaction of your money from your app. Let's take an example if you have to pay 10000 rupees from your app you can split into two transactions. First transfer only Rs1 to check whether the beneficiary account is correct or not. If Rs1 payment is successfully transfer to the beneficiary account you can do the rest of the amount like here 9999 rupees.
Why we use third-party payment app when every bank has their own apps.
This is really very strange process of transferring money from one bank to onther bank account by using payment apps. We all know that everybank has their own app where we can transfer the money from one bank to other and can also do all types of bill payment like mobile and dth recharge, electronic and gas bill payments, instant fund transfer in any bank in India. So why people still transfer their money from bank to payment apps and why not directly Banks apps.
List of Bank payment apps
State Bank of India - Yono app
Icici bank - imobile (saving account) & i-bizz (current account)
If your bank name is not listed here ask your bank for the payment apps.
Pro and cones of using payment apps in India
Pros
1. Very simple easy to setup
2. Transfer fund using mobile number
3. Cashbacks and reward points
Cons
1. Unsecured, if your money transferred into wrong accounts you have to complain in Bank and need FIR copy.
2. Easy to crack the password
3. Always transfer money in the app
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