New Delhi :
Many people prefer using UPI (Unified Payment Interface) for transactions instead of carrying cash.
You just need a mobile phone to make payments by scanning a QR code.
However, if your smartphone is stolen, it’s crucial to block your UPI ID immediately to reduce the risk of banking fraud.
The Growing Concern of Smartphone Theft
Smartphones have significantly simplified our lives, leading to a surge in their numbers.
However, this has also led to an increase in smartphone thefts and related fraud.
According to government statistics, around 50,000 mobile phones are stolen each month in India. These thefts can occur anywhere – on a bus, train, or in a market.
When a mobile is stolen, the biggest concern is the potential leak of personal and financial data. Criminals can misuse your SIM card for illegal activities.
Blocking UPI ID on Different Platforms
PhonePe
If you use the PhonePe app for online payments, you can block your UPI ID by calling customer care at 0806-8727-374 or 0226-8727-374.
The customer care officer will ask for details to verify your identity. Once verified, your UPI ID will be blocked.
Google Pay
To block your Google Pay UPI ID, dial 18004190157 from any phone. Inform customer care about blocking the account. Android users should log in to Google Find My Phone on a PC or another phone to delete Google Pay data remotely, temporarily blocking the account.
iOS users can block the Google Pay account by deleting data from Find My App and other Apple-authorized tools.
Paytm
If you use the Paytm app, call the helpline number 01204456456 to block your Paytm UPI ID.
After verifying your information, Paytm will temporarily block your UPI ID.
Understanding UPI
UPI (Unified Payment Interface) is a real-time payment system that allows money transfers between bank accounts 24/7, free of charge.
There is no minimum amount required for money transfers.
To use UPI, you need payment apps like PhonePe, Paytm, Google Pay, or Bhim App linked to your bank account.
These apps enable easy and convenient money transfers.
