Over 95,400 UPI-related frauds reported in 2022-23: Centre
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A total of 95,402 cases of Unified Payments Interface (UPI) transaction-related frauds were recorded in the country in 2022-23, the Finance Ministry told the Parliament on Wednesday. According to government data, this is higher than the 84,274 cases reported in 2021-22 and 77,299 cases the previous year. "Minuscule percentage of users get cheated over social engineering calls," the ministry stated.