Cashless Transactions - India


Super User
Man duped of Rs 96,000 while paying power bill via Google Pay

There was similar incident in Rohtak, Haryana too recently. I suspect without involvement of insiders or employees of company such fruads are not possible.

It is better to stick with old traditional hard cash for safe and secure transactions.



This is different thing in Google Pay.
They hide all identity via a mobile number only.
Fraudsters are using this method to hide their identity.
Google never responds to fraud dealings or any problem faced.
Only AI (or a small post clerk ) replies and that is useless.
Many cases are pending in courts about Google Pay in court.
How they are operating without any licence ?


RBI Announces New Guidelines For Failed Transactions

RBI का नया नियम, अब बैंक रोजाना आपके खाते में डालेगा 100 रुपये

बिजनेस डेस्क, अमर उजाला, Updated Sat, 21 Sep 2019 04:12 PM IST


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आज भी बैंक ग्राहकों को कई तरह की दिक्कतों का सामना करना पड़ता हैं। बैंकों द्वारा लगातार किए जा रहे प्रयासों के बावजूद ग्राहकों के समक्ष कोई ना कोई समस्या आ ही जाती है। कई बार हमारी ऑनलाइन ट्रांजैक्शन भी फेल हो जाती है। इसलिए अब भारतीय रिजर्व बैंक ( RBI ) ने ग्राहकों की बेहतर सुविधाओं को ध्यान में रखते हुए एक नया नियम बनाया है। अगर आपका ऑनलाइन लेन-देन किसी वजह से फेल हो जाता है और एक दिन के अंदर आपको पैसे वापस नहीं मिलते हैं, तो इस नियम के बारे में जानना आपके लिए बेहद महत्वपूर्ण है।

आरबीआई ने एक सर्कुलर जारी कर कहा है कि ऑनलाइन लेन-देन फेल हो जाने के बाद अगर ग्राहकों को एक दिन के भीतर पैसा वापस नहीं मिलता है, तो बैंक और डिजिटल वॉलिट्स को ग्राहकों को प्रतिदिन 100 रुपये की पेनल्टी का भुगतान करना पड़ेगा।

यह नियम यूनिफाइड पेमेंट्स इंटरफेस (UPI), इमीडिएट पेमेंट सिस्टम (IMPS), ई-वॉलिट्स, कार्ड-टू-कार्ड पेमेंट और नेशनल ऑटोमेटेड क्लियरिंग हाउस (NACH) पर लागू होगा।

सिर्फ डिजिटल ही नहीं, नॉन-डिजिटल लेन-देन के लिए भी केंद्रीय बैंक ने टाइमलाइन तय की है। ऑनलाइन पेमेंट्स, एटीएम और माइक्रो एटीएम में फेल लेन-देन के लिए खाते में पैसे पहुंचने के लिए पांच दिन का वक्त तय किया गया है।

आरबीआई के सर्कुलर में कहा गया है कि वित्तीय मुआवजे की बात हो ग्राहक के खाते में जल्द से जल्द पैसे पहुंच जाने चाहिए और उनकी शिकायत दर्ज कराए जाने का इंतजार नहीं किया जाना चाहिए।


Online fraud via payment apps.
They ask for
OTP / UPI PIN for request money....

Instead of paying the said amount they request money to pay,
Person engaged in conversation keeps you busy and you ignore the difference between pay money / request money & receive money.
Most of people check amount only.
This is how fraud works.



India's on a digital sprint that is leaving millions behind
  • 17 October 2019

Two Indian labourers follow news on a laptop computer
Image copyright AFP
Image caption
India's rural internet density is poor

India has more than 630 million internet subscribers. But for every Indian who has access to the internet, there is at least one who does not and that person is most likely living in a rural area. Smriti Parsheera writes on the country's continuing digital divide.
There is an exuberance around India's digital story.
The country is home to the world's second-largest internet user base, consisting of more than 630 million subscribers. That is more than the total population of the US, the United Kingdom, Russia and South Africa put together.
It also has the cheapest mobile data prices, which has allowed a large population to use the internet just in the last four years.

Besides the size of the pie, data consumption is also on the rise.
The average internet user now consumes more than 9GB of data per month. That translates to watching 16 hours of video a month compared to just 15 minutes in 2015.
Other positive trends include a competitive e-commerce market, a booming video streaming industry and a choice of affordable devices.

Getty Images
India's digital divide

  • Rural population66%
  • Internet density 25.3%
  • Urban population34%
  • Internet density97.9%
Source: Telecom Regulatory Authority of India

At the government's end, electronic governance, mobile health and digital finance are at the heart of many policy discussions.
All of this excitement is, however, surrounded by the sobering reality of India's continuing digital divide.
This refers to the gap between those who have access to the internet and other digital technologies and those who do not.
The divide is shaped both by the availability of internet services in different regions and the ability of individuals to tap into those services. A person's location, income, gender, education, language, and age are some of the factors that define their access.
As per data released by the Telecom Regulatory Authority of India, the country has an internet density of 48.4. This represents the number of internet subscribers per 100 people in the population.
Even though 66% of the country's population lives in its villages, rural internet density is just 25.3. In comparison, urban areas have a significantly higher density of 97.9.

Kashmiri villagers click pictures with their mobile phones during the funeral of a teenager Adil Magray at Shopian, about 60 kilometers (38 miles) south of Srinagar, Indian-administered Kashmir, Wednesday, June 7, 2017

Image copyright AFP

We see stark variations in the access levels across the country's 28 states and nine union territories. States like Bihar and Uttar Pradesh in the north and Orissa in the east are known to perform poorly on human development indicators, and they also fare badly in internet use density.
The availability of internet infrastructure is also affected by geographic conditions.
For instance, the remote mountainous areas of Himachal Pradesh, sparsely populated deserts of Rajasthan and dense forests in Madhya Pradesh face greater digital exclusion. It so happens that many of these remote locations are also home to India's tribal and marginalised communities. Poor connectivity can therefore unwittingly end up perpetuating existing disadvantages.
Gender is another important factor that shapes digital access. Only 16% of Indian women were found to be using mobile and internet services, a 2019 report from the GSMA, a body which represents mobile operators, said.

Gurukul Trust, Santosh Kumar (R), conducting an online class from New Delhi for students in a remote village in Bihar to bring education to the Indian village. Once a week, Kumar uses the Skype computer programme to teach maths to children in Chamanpura, a poor village in the struggling state of Bihar, 600 miles (970 kilometres)

Image copyright
Image caption
India has the world's second largest internet user base

On a comparative scale, women were 56% less likely to use mobile internet than men. This situation stems from a mix of economic, social and cultural factors placed against the backdrop of a deeply patriarchal setup.
On the economic front, while data access charges have gone down drastically, the cost of internet-enabled handsets is still a barrier for many households.
The financial dependence of women and their lower position in the household pecking order naturally reduces the likelihood of them owning such devices. Besides ownership, lower literacy rates and digital awareness among women are some of the other limitations. Many of these factors also contribute to reduced access among the elderly population.
Digital empowerment is known to create greater awareness and independence, which may be perceived by some as a threat to the established social order.
This thinking has manifested itself in several reports about some village-level community bodies imposing restrictions on the use of mobile phones and social media by women, particularly younger women.
Finally, when it comes to the educated classes, the issue shifts from that of basic access to the chronic under-representation of women in various ways. From online spaces to research labs to meeting rooms, India mirrors the global trend of digital technologies continuing to remain the primary domain of men.
The Indian government has not been immune to these problems. One of its flagship programmes, the Digital India project, identifies universal access to mobile connectivity as one of its main pillars.

A man talks on his phone outside a shop selling mobile devices
Image copyright
Image caption
Capacity and speed remains a major concern in India

The government is trying to achieve this by providing broadband connectivity to the country's 250,000 village councils. This project has been in effect from 2011 but so far a little less than half of that target has been achieved. The number of locations where the completion of the work has led to functional internet is even lower.
The government's National Digital Communications Policy acknowledges that much more effort is needed on this front.

Media caption
Buying into India's digital payments market

It speaks about the need to bring connectivity to all under served areas and identifies specific groups, like marginalised communities, women and persons with disabilities that merit specific attention. The policy also lays emphasis on solving last-mile connectivity issues in both urban and rural areas, through the use of public Wi-Fi infrastructure.
The policy discourse is clearly moving in the right direction.
From broad claims about the need for universal access, it has evolved to recognise some specific factors, like location, gender, and marginalisation, that shape the digital divide.
What India needs next is for policymakers to undertake a rigorous data-driven exercise to measure which factors are causing what level of exclusion and the reasons behind it. Only when we fully understand the beast of India's digital divide can we design targeted solutions to tame it.
Smriti Parsheera is a Delhi-based technology policy researcher

India's digital sprint is leaving millions behind
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13 Lakh Indian Debit/Credit Card Details Hacked, Being Sold For Rs 920 Crore Online: Biggest Ever Heist?

By Mohul Ghosh

Last updated Oct 31, 2019

13 Lakh Indian Debit/Credit Card Details Being Sold For Rs 920 Crore Online: Biggest Ever Hack?


This can easily be the biggest hack which India has ever encountered on the dark web, the deep, dark underbelly of World Wide Web where hackers rule the land.
Debit and Credit card details of 13 lakh Indian debit and credit cards are being sold on the dark web, whose combined value is estimated at Rs 920 crore.
And more shocking news: 18% of all these hacked cards belong to one single bank.

13 Lakh Indian Debit/Credit Card Hacked!

Singapore-based Group-IB security research team has revealed that right now, a huge dump of hacked debit and credit card details of Indians are being sold on the dark web.
Code named as ‘INDIA-MIX-NEW-01’, this massive stash of hacked data is available under two tracks: Track 1 and Track 2.
98% of the hacked data belongs to Indians, whereas 18% of this belong to one single Indian bank.
The name of the bank hasn’t been revealed.

$100 For Each Card Detail

The importance and the seriousness of this issue can be gauged from the fact that every card detail is being sold for $100 or Rs 7000, on the dark web.
This makes the collective value of this illegal dump of data to Rs 920 crore.
As per some estimates, this is the biggest such hack, ever reported for financial details of Indians.

The data being sold includes the card number, CVV number, expiry dates, names of the account holders and more.
Ilya Sachkov, CEO and founder at Group-IB said, “This is indeed the biggest card database encapsulated in a single file ever uploaded on underground markets at once.”
As per Ilya,the data being sold illegally on the dark web, is very rare, as it contains entire card details of the users, and can be exploited in any way possible.

How Was This Data Hacked?

ATM skimming seems to be the most possible case.
Hackers place a magnetic stripe in the ATMs, which can steal entire information, once the gullible user swipes their card.
The same method is also used to steal card details from PoS machines.
We are awaiting for details.
Meanwhile, stay alert, and keep observing if your debit or credit card has been used for any unauthorised transaction or not. If you find any such transaction, immediately contact your bank.

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