NPCI statement on recent media articles on `KYC scams`
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“With reference to recent media/social media articles on 'KYC scams' - The connection to UPI is misleading and incorrect. We assure all users that any payment through UPI does not expose the sender’s KYC details and neither does it lead to a user’s mobile or App getting hacked.
UPI works on the principle of payment using a Virtual Payment address or UPI ID – using secure method of device binding and UPI PIN to transfer money. KYC details are not used or shared during a UPI transaction. We would like to reassure that UPI continues to remain a safe and secure payment method. The intention of some of these articles/ social media messages are to mislead and thereby create mistrust about a payment method that has been adopted widely across the country.”
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