The Rise of Digital Payments and the Growing Risk of Fraud

Most people no longer carry cash, instead relying on their phones as wallets for everything from paying the grocer via UPI to booking cabs, renewing OTT subscriptions, and shopping online. This convenience has made life easier for millions of digitally savvy Indians, but it also opens the door to growing digital risks. According to the RBI, frauds tied to digital payments have more than tripled in FY25, while government records show that India lost over ₹22,800 crore to cybercrime in 2024 alone.

The Domino Effect of Digital Fraud

Digital fraud isn’t just about stolen money; it sets off a chain reaction. In India, scams range from phishing to fake apps, often hitting everyday users who rely on UPI and online banking. Young professionals and urban consumers are frequent targets. Beyond financial losses running into thousands of crores each year, victims face missed payments, penalties, and mounting stress that ripple across their daily lives.

Limiting Exposure: The Smart Way to Spend

Now that you see how one small fraud can create a domino effect, what’s the way to protect yourself? One of the simplest solutions is to separate your everyday spending from your core savings, and that’s exactly what Airtel Payments Bank’s Safe Second Account helps you do. By keeping the money you need for daily transactions in this dedicated account, you ensure that even if a scam occurs, your core savings are unaffected and bigger financial setbacks are averted.

Key Features that Give You Extra Control:

• Limit management: Cap daily or per-transaction limits, stick to your budget, and avoid overspending.
• Sleep mode: Instantly pause all outgoing payments to protect your account when not using it actively.
• Fraud alarm: Report suspicious activity, block your account, deactivate & reset your mPIN, and alert a dedicated fraud management team with a single swipe.

This approach not only limits potential losses but also keeps your financial routine stress-free and uninterrupted.

Keep Your Savings Safe While Banking Smart

While digital scams may sometimes be unavoidable, their hidden costs – missed bills, penalties, and financial stress – don’t have to spiral out of control. By adopting smart banking practices, such as using Airtel Payments Bank’s Safe Second Account, you can protect your primary savings while confidently managing daily expenses. Features such as limit management, sleep mode, and fraud alarm not only safeguard money but also provide peace of mind, making routine transactions safer and more organized.

Published On Oct 28, 2025 at 09:04 AM IST

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