GenAI is a powerful tool in the realm of cybersecurity: Mastercard’s Joy Sekhri

UPI transactions, via bank account or RuPay cards. Credit card, or debit card to pay for purchases. The futurism of tap to pay using anAndroid phone or smartwatch. Scanning QR codes. Methods and modes are aplenty, driving momentum for India’s digital transaction ecosystem. There are some numbers which detail this landscape. In the first half of 2024, the number of UPI transactions totaled 78.97 billion, an increase of 52% year-on-year. In parallel, 3.73 billion card transactions were clocked in the same period. The flip-side, cybercriminals are eyeing your money, and higher volumes gives them a better chance of success.