How UPI prevents us from fraud while doing transactions?

[Aditi]

Hi
How does UPI prioritize the security and integrity of transactions within the banking system, assuming that it does not reveal the bank’s information such as account number, during the transactions to safeguard our data and prevent fraud?

[Ritika]

UPI ensures that your bank details remain confidential. While doing the transaction, UPI uses the Virtual Payment Address (VPAs) instead of sharing bank account number. UPI uses the Two-Factor Authentication, which requires PIN and OTP for verification. All the transactions are end-to-end encrypted which prevents us from fraud. All these security steps are taken by UPI to maintain the security and privacy of your transactions.