At the same time, some are adjusting to leverage machine learning and artificial intelligence, improving ways to detect fraud. Hence, bringing us to the question below.

Due to their multi-tenant architecture, these dedicated models are designed to detect and prevent fraud for each customer and industry, specifically tuned and optimized for maximum efficiency.

Fraud cases are in the ratio of one per 6.5 lakh transactions. Further, NPCI said, 85% of frauds using UPI transactions relate to investment scams, 10%-12% pertains to fear and the rest happens ...