Kotak Mahindra Bank announced on Monday that it is participating in National Payments Corporation of India’s #SafetyShield campaign to combat the menace of UPI frauds.
The bank has launched a multi-pronged awareness campaign to ensure that consumers do not fall victim to UPI fraud. Kotak is running its safe transaction awareness campaign across all banking channels — website, social media channels, mobile banking platform, SMS, WhatsApp, emails to customers; digital screens, posters in branches, and ATM screens.
Deepak Sharma, President and Chief Digital Officer, Kotak Mahindra Bank, said, “With a rise in digital modes of payment, it is pertinent to make consumers at large not only digital-savvy but also financially literate. Kotak Mahindra Bank proudly joins NPCI in the #SafetyShield campaign. The initiative will help India move towards a cashless society and be more careful and attentive while carrying out digital payments. In addition to this, we encourage our customers to use the Kotak Mobile Banking app, scan QR codes and make payments via UPI. Kotak Mobile Banking App is a safe and secure way to transact conveniently.