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If you use Paytm, PhonePe, or Google Pay then there is news of work for you. Now your money is going to be completely safe. Actually, the government has introduced a new tool to keep digital payments safe.

The more technology has made our lives easier, the more dangers it poses. The biggest change that has come since the increase in internet access has come in the transaction of money. Now most people make payments through online mediums only, whether it is to send money to someone or to shop from a shop. Different people are resorting to online payment at all places. If you also make online payments then there is good news for you. Now your digital payment is going to be even safer.

In fact, in the recent past, many cases of fraud have come to light in digital payments. From telecom companies to the government, new steps are being taken to prevent cybercrime and online fraud. If you use UPI apps like Paytm, PhonePe, Google Pay, and BHIM, then there is good news for you. Now your online payment will be completely safe. Cybercriminals will no longer be able to rob your money.

Online payment will be safe.

Let us tell you that a new security shield has been prepared by the Telecom Department to keep digital payments safe. The name of this new security shield is Financial Fraud Risk Indicator. The work of this new tool introduced by the Telecom Department is to identify those mobile numbers which may be involved in fraud or have been involved.

Suspicious numbers will be blocked

If a mobile number is being used for cyber crime, then Financial Fraud Risk Indicator will block it immediately. Not only this, this tool will also alert users about cyber fraud. Like if a suspicious number is involved in an online transaction, then the FRI tool will identify it and immediately alert the financial institutions. This will completely eliminate the possibility of fraud with the users.

The most special feature of the Financial Fraud Risk Indicator tool is that it will not only work for banks. Rather, it will also alert users about online frauds happening on non-banking platforms like Paytm, PhonePe, GPay. This latest tool will keep a strict eye on those numbers which have already been found involved in any fraud, whose KYC or verification is not complete or who are violating the rules.