UPI frauds worth Rs 805 cr witnessed this fiscal

New Delhi: India witnessed digital payment frauds worth Rs805 crore via Unified Payments Interface (UPI), involving 10.64 lakh incidents, till November this fiscal (FY26), which has gone up compared to previous fiscals as the UPI adoption rises, the Parliament was informed on Monday. In FY 2024-25, the country saw UPI-related frauds at Rs 981 crore (involving 12.64 lakh incidents) and in FY 2023-24, such frauds resulted in the loss of Rs 1,087 crore (13.42 lakh incidents), Union Minister of State for Finance, Pankaj Chaudhary, told the Lok Sabha. “With increasing digital payment transactions in the country, incidences of fraudulent practices, including digital payment frauds and Unified Payments Interface (UPI) frauds, have also gone up in the last few years,” he noted.