SBI customers alert: The country’s top lender State Bank of India has warned its customers about the SBI QR code scan. The public lender has alerted people not to scan unknown QR codes and enter UPI pins. SBI customers alert against QR code scam, details.
Digital payments have become dominant in the current times. With more and more people moving to online transactions, fraud related to the same too has been on the rise. However, one must be extremely cautious while carrying out any online transaction.
The QR codes have become an increasingly popular modus operandi among fraudsters to cheat people. SBI has shared a short video explaining how scanning QR codes will result in debiting money from your bank account.
SBI has tweeted, ” Scan QR Code and receive money? #YehWrongNumberHai. Beware of SBI QR code scam Think before you scan, do not scan unknown, unverified QR codes. Stay Alert and Stay #SafeWithSBI!”.
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It is a type of barcode that stores information as a series of pixels in a square-shaped grid. The data stored in a QR code can include website URLs, phone numbers, or up to 4,000 characters of text. The first QR code system was invented by the Japanese company Denso Wave, a Toyota subsidiary on the year 1994.
It is to be noted that QR code is always used for making payments and not for recieving payments. Hence, if ever you get a message or mail to scan the QR code so as to receive payment, then do not proceed for such a scam. You may end up with a rather empty wallet.
QR codes are two-dimensional machine-readable barcodes, which are increasingly used to facilitate mobile payments at the point-of-sale. QR codes can store a large amount of information. Japanese company, Denso Wave, invented the QR code in the 1990s.In India, QR Code Payment Systems broadly support three different types of QR code payments — Bharat QR, UPI QR, and Proprietary QR.
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