qr code payments

Image Source : FREEPIK QR Code Scam (Representaional Image) QR Code Scams: QR code scams are not new. In 2021, such fraud came to light when Delhi Chief Minister Arvind Kejriwal's daughter Harshita was duped of Rs 34,000 by a man on an e-commerce platform where she had listed a sofa on sale. Of late, several such QR code scams have been making headlines where people…

Digital financial services firm One97 Communication Limited, which owns the Paytm brand, has tokenised 28 million cards across Visa, Mastercard and RuPay, and expects to purge saved card data by June 30, the company said on Thursday. The tokenised cards account for 80 percent of monthly active cards on the Paytm app, it added."Paytm is committed to safe and secure online payments, and in that direction, RBI's tokenisation effort is a key milestone for the industry. We recognised the need for tokenised cards and…