Fraud Transaction and security flaws in Paytm UPI services

Name of Complainant Siddharth Bajaj
Date of ComplaintFebruary 19, 2020
Name(s) of companies complained against
Category of complaint Cyber Crime
Permanent link of complaint Right click to copy link
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Text of Complaint by Siddharth Bajaj:

Recently I became victim due to Fraud transaction which posted to my account and I lost 19996 amount in minute.

I raised complaint to Bangalore Cyberpolice and also Paytm on how the second level security which is PIN for UPI transaction bypass when scan a fraud QR code. Paytm replied me saying they hold no liability does that mean you promote fraud transaction and take no action is any customer lost money in your platform ? Instead of taking action and recovering my lost money they are simply holding no liability if you became a victim. My only question was how come second level security which is a UPI pin got bypassed this is flaw in security mechanism and I lost money because of this flaw.

I request consumer court to please take strong action against Paytm and help me recover my money.

Image Uploaded by Siddharth Bajaj:

Fraud Transaction and security flaws in Paytm UPI services

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