After the demonetization that happened in India on 2016, the digital currency and payment domain saw a nice boon which made payment apps like Paytm, Google Pay, Phonepay and others saw an amazing growth.Ĭonsidering the wide usage of Paytm, three fraudsters started exploiting it by using a bogus Paytm looking app called Paytm Spoof. The app is used for all sorts of payments, bills, transactions including UPI transactions. Paytm is India’s number one digital payment app, that is being used by more than 30 crore Indians. What is Paytm app and how is Paytm Spoof different from it?
A first information report (FIR) has been filed by the police and further investigations are being done. However, the restaurant owner was smart enough to identify the fraudsters and reported the incident to the police.
Indian Police from Sakinaka neighborhood in Mumbai has arrested three fraudsters who had cheated around 50,000 INR at a restaurant using a fake UPI payment app called Paytm Spoof.
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