BharatPe launches ‘Shield’ to protect users from digital transaction frauds

Fintech firm BharatPe on Thursday announced a fraud protection plan ‘Shield’ to offer coverage against digital frauds, including protection against fraudulent Unified Payments Interface (UPI) transactions.

The new offering extends protection to users from fraudulent digital transactions up to Rs 5,000. Users will have to pay Rs 19 per month to avail this protection.

Users making their first UPI transaction with the fintech app will receive 30 days of complementary fraud protection service, the company said.