Scammers are tricking users into scanning fraudulent QR codes, leading to the loss of large sums of money in seconds. Here is how QR code scams work and how you can protect yourself from them.

There is no doubt that Unified Payments Interface (UPI) has transformed the digital payment ecosystem. Every user can pay anytime and anywhere by simply entering a phone number or scanning a QR code.

The surge in UPI QR codes was accompanied by a slowdown in the growth rate of credit card transactions to 7.94 per cent year-on-year, while debit card additions registered a mere 2.7 per cent ...

UPI QR codes have recorded the fastest growth in digital payments infrastructure in the financial year 2024-25, with a 91.5 per cent jump over the previous financial year to 657.9 million ...

Mumbai: In the financial year 2024-25, UPI QR codes recorded a dramatic 91.5 per cent rise, reaching 657.9 million, according to Reserve Bank of India (RBI) data. This sharp increase makes them ...

UPI QR code usage surged 91.5 per cent in FY25 to 657.9 million, reflecting rapid digital adoption, while credit and debit card growth slowed.