UPI gets big security update for Paytm, PhonePe, BHIM users: Check all details

In a bid to crackdown on hundreds of cyberfraud activities, the Indian government has issued new security measure for lakhs of UPI user in India. The safety measure, called the Financial Fraud Risk Indicator (FRI), has been put in place to involve banking and non banking institutions in preventing common UPI-related scams and frauds happening to the citiziens.