Is the mobile lost. How to disable UPI payments?

 

With the immense growth of the digital transaction system, sending and receiving the money, and from mobile recharge to house rent, mostly through UPI payments. This has been followed by Unified Payments Interface (Unified Payments Interface-UPI) as a major payment system in the country.

All major commercial banks in the country are supporting UPI as part of the goal of transforming India into a digital economy. People are making digital transactions easily through many apps including PhonePay, Google Pay, and Paytm, not just BHIM using UPI.

More than 2,800 million UPI transactions have been made in the country in the last month alone. From bill payments to transferring money from one bank account to another, mobiles are used more UPI most of the time when a real-time transfer is required.

With the development of UPI, which has been a system that facilitates digital payments, it is also necessary for users to understand what they need to do to save money from their hard work. If one has UPI payments that are important in cash transactions on their smartphone, perhaps if he loses his mobile, it is important to disable UPI payments to avoid irregularities.

Users who use UPI payments with smartphones can check what they need to disable UPI payments from their linked bank accounts if they, unfortunately, lose their mobile phone.

How to disable UPI payments after the mobile phone is lost?

When you take steps to deactivate UPI transactions stored in your mobile phone because it has been lost, it should be noted that you should not share any important details about your UPI pin or any other important information. 

1. You should contact the customer care service of the mobile network you are using and block your phone number. This measure will help prevent other people or thieves from making transactions using your SIM card or lost mobile phone.
2. To block your lost phone number from your bank account, call the bank helpline you use. Also, request them to disable your UPI service.
3. File an FIR on your mobile phone loss. Residents of most states of the country can do this easily online.

While the National Payments Corporation (NPCI) mentions on the site's FAQ page that it is important to block a mobile number if a user loses its mobile phone, it does not specify any solution to allow users to block their UPI access.