UPI and BHIM are not vulnerable – NPCI
The National Payments Corporations of India (NPCI) assured that there is no “vulnerability of loopholes” reported till date in BHIM (Bharat Interface for Money) or in another digital window launched by the government, UPI (Unified Payments Interface).
A top official of the NPCI, while interacting with a leading news agency explained the entire process and said that after intensive testing a product is launched, and it is backed by robust design and several security walls. The managing director and CEO of NPCI, said, BHIM and UPI are extremely secure, certified by global practices and audited by reputed IT security organisations.
After media reports on the malfunctioning of the UPIs of certain banks, rectifications have been made along with multiple governance mechanisms being laid down to stop any kind of fraudulent activity. The government has already moved ahead to link mobile number with the bank accounts of the customers, which will further boost the connectivity of the banks, believe experts.