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Unified Payments Interface (UPI): System Design, Fraud Mechanisms, and Solutions

Year: 2024

Type: article

Abstract: The Unified Payments Interface (UPI) has revolutionized digital transactions in India, providing a secure, real-time, and user-centric platform for mobile payments.However, with UPI’s widespread adoption, incidents of fraud have also surged, as malicious actors exploit both system and user vulnerabilities. This paper providesan in-depth examination of the technical architecture of UPI, with a focus on core components and transaction workflows, alongside an analysis of fraud mechanisms,particularly those involving manipulated payment notifications. Finally, we discuss advanced preventive measures, including multi-factor authentication, machinelearning-based fraud detection, and user education, to mitigate fraud in UPI transactions.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.14062761

Author: Mishra, Piyush

Language: English

Topic: User Authentication and Security Systems

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

SDGs: Industry, innovation and infrastructure, Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W6949287864

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