Bajaj Finserv is in the unique position of driving innovation for them and leading the charge to secure transactions and data safety on a high level.
Bajaj Finserv is a super-app of sorts in the financial world. Whatever financial feature you are looking for, you can find it on the Bajaj Finserv app. From numerous ways to get loans for that emergency expenditure, methods to invest your money to watch it grow, and bill payments for nearly every private and public service, including water, electricity, DTH, credit card, buy and recharge metro card, mobile phone recharge, and much more.
All of these, including its ability to make UPI payments, purchase insurance, and buy through its mall, make Bajaj Finserv a unique leader in this space of finances and illustrate Bajaj’s role in ensuring financial freedom for all. With millions of users, customers, and borrowers, Bajaj Finserv is in the unique position of driving innovation for them and leading the charge to secure transactions and data safety on a high level.
To further facilitate its benefits and ensure that not only your money but also your data and all of your personal information is secure, Bajaj Finserv uses state-of-the-art encryption and information security technology. This includes military-grade AES 256-bit encryption, two-factor authentication, and advanced fraud detection software to ensure that no one, not even they themselves, has access to your raw data.
With Bajaj, you can rest easy that your transactions are safe and secure. While the end terminal where you spend money can be compromised, if you pay through Bajaj Finserv’s online UPI payment app, your password, payment details, and other sensitive data are safe from watchful eyes.
While Bajaj Finserv is making strides in safe and secure payment and utilises best-in-class information security measures, it is essential that you, the user, also follow certain best practices to avoid a different point of vulnerability for your sensitive information. Here is a list of some essential practices everyone should follow for safe payments.
Always be mindful of unknown payment portals.
Avoid making transactions using free or public Wi-Fi without a reliable VPN.
Do not share your password, PIN, OTP, CVV, or other critical information with anyone.
The bank will not ask you for any sensitive information, and if they do, cancel the call and go to a physical branch.
Do not pay unknown individuals while on the phone with them.
Double-check the amount you will be paying (Sometimes, individuals add extra numbers from their OTP during UPI transactions).
UPI is a revolutionary invention that makes making payments more simple and accessible than ever before. Today, whether it is the roadside tea stall or the 5-star mall, it attracts thousands of guests yearly. So use this carefully by checking the best practices and making payments after checking everything properly. If you wish to make safe and secure payments using UPI, download the Bajaj Finserv application from the Google PlayStore or Apple App Store today.