After demonetisation, PM Modi said that India should encourage cashless transactions and as an impact of demonetisation,
Mobile wallet app downloads amongst the smartphone users have increased to 200 per cent.
People find it easy to transfer money or get money through these apps since money can be transferred at any given time.
These days we find so many fund transfer mobile apps in the google play.
Since there is good reception for these mobile wallet apps many companies like ‘AnyDesk’ have started new apps.
But the RBI has recently given an alert regarding this fund transfer mobile applications
Reserve Bank of India has said that money and mobile data of ‘AnyDesk’ customers, one of the fund transfer, are being robbed.
Once we click ‘agree’ to the terms and conditions of the app we get a 9 digit UPI and
the cybercriminals ask for the 9 digit UPI number, posing them as bank employees over the phone.
Once they get the 9 digit UPI number your mobile can be hacked by the hacker.
So like all other apps we should not click ‘agree’ to the terms and conditions of a fund transfer app. There is a risk of losing money with your approval says RBI