Kerala HC stresses needs for safeguards for UPI ...Middle East

Kochi: The Kerala High Court has expressed security concerns about the country’s Unified Payment Interface (UPI) system, even while acknowledging the positive impact that it has had on money transactions. “The UPI has transformed the financial spectrum in India; and in particular, the manner in which people transact money. It’s easy-to-use interface and ingrained security features, has made UPI the preferred mode of payment for millions of Indians, making it the fastest growing payments systems in the world. “Like in many good initiatives, there are chinks in the armour – in a manner of speaking; Charlatans commit cyber crimes and create byzantine maze of accounts, through which ill-gotten

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