Stay safe this festive season: Payment authority's shopping tips

India's digital payment authority, National Payments Corporation of India, or NPCI, has stepped in with guidelines to help consumers from falling victims to digital payment fraud. The move comes as the festive season is approaching and shoppers are eagerly waiting to grab the best deals on offer. With the increase in shopping activity, scammers are on the lookout for opportunities to exploit gullible customers.

80% offer? Think twice

NPCI warns shoppers to be cautious of flashy offers. While attractive discounts can be tempting, they can lead to impulse buying without verifying the authenticity of the seller. The organisation encourages consumers to do their research before engaging with unfamiliar businesses or websites.

No personal details

Another piece of advice is to share only the necessary information when signing up for offers. Providing excessive personal details can increase the risk of data theft. It’s best to stick to sharing only what is absolutely essential.

Shoppers are also advised to avoid using unsecured networks, such as open Wi-Fi in shopping malls. These networks are prime targets for hackers, and making financial transactions over them can expose sensitive information. NPCI strongly recommends conducting financial activities over secure networks only.

You have a delivery, beware!

Additionally, shoppers should stay vigilant against phishing scams, which tend to rise during the festive season. Scammers often send fake delivery notifications or payment links, preying on consumers who may lose track of their purchases. Always double-checking any payment link before clicking on it is a crucial step to ensure its legitimacy.

Finally, NPCI highlights the importance of using strong passwords. Many users still rely on simple or default passwords, making their accounts vulnerable. The organisation advises creating strong, unique passwords for each account to enhance security.

By following these guidelines, shoppers can protect themselves from financial losses and emotional distress during this busy shopping period.