SurgeSurge in UPI Fraud Cases: Key Insights for UPSC Aspirants in UPI Fraud Cases: A Concern for Digital Transactions in FY24
The Ministry of Finance recently highlighted a concerning 85% surge in Unified Payments Interface (UPI) fraud cases during FY24. Since 2022-23, these incidents have resulted in cumulative losses of approximately ₹2,100 crore from over 2.7 million reported cases. As India…