write a letter on cause of money lending by phonepe
Answers
Answer:
The 'Request' feature on the PhonePe app allows a person to send you a payment request where the amount is filled in by the requester. Once someone has sent in a request, a pop-up opens up on your PhonePe app. You can pay by just clicking on the 'Pay' button and entering the UPI PIN.
Answer:
You post a product listing on OLX, Quikr or a similar site. The fraudster spots your listing and gives you a call saying that are interested in buying the product. They also tell you that they’re unavailable to pay in-person and would like to make a money transfer using the PhonePe app. They might build on their credentials by telling you that they work for the Army, the Police, the Government etc.
The fraudster will then ask you to open your PhonePe app while you are on the call, and send you a collect-call request for the same amount as your listing. A lot of times the fraudsters use the PhonePe logo as their profile picture, which you can see in the collect call request. They also put a message right above the ‘Pay’ button with instructions like ‘Once you pay, you will receive money.’