“Scan-and-extract-KYC” typically refers to the use of technology to scan and extract relevant information from identity documents for KYC purposes. Here’s a general outline of how this process might work:
The scan-and-extract-KYC process is commonly used in industries such as finance, telecommunications, and e-commerce to prevent fraud, meet regulatory requirements, and enhance the overall security of customer interactions. It’s important to note that the specific technologies and procedures involved may vary based on the implementation and the organization’s requirements.
Beware of fraudulent SMS & calls about KYC suspension or expiration, account block and fake rewards will never ask you to download any app to complete your KYC .
Majority of UPI payments get successful instantly and money is added to the receiver’s bank account at the moment itself. However, in rare circumstances which are beyond our control, like not receiving a success message from NPCI or receiver bank within a stipulated time, transactions go into pending state.
The issue will be resolved within 3 business days (usually within hours) from the date of payment initiation. The money will be transferred to your bank account during this period. Please check your bank statement to verify the same.
If you suspect fraud or want to issue instructions to stop payment, or want to report any fraudulent transactions in your account, we suggest the following:
Please note that a UPI PIN is required to be entered on the App to send money and not to receive money. Fraudsters may initiate a request making you believe that you will receive money by entering your PIN. Please be careful and ignore/reject such requests.
At Pay, we consider it our highest responsibility to safeguard your hard-earned money and protect you from payment frauds.
We use the best of Artificial Intelligence and fraud prevention technology to identify suspicious transactions in real-time. We also actively work with the rest of the industry to build technologies that keep you safe.
However, sometimes scammers can ask you to take some deliberate actions that may lead you to lose money to them. That is why it is important for you to know about the dos and don’t if you happen to be in such a situation.
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Copyrights © Webetechies Private Limited.
Connect with our experts.
Monday – Friday
9:00 AM – 7:00 PM EST
+91 8800578866
support@webetechies.com
Copyrights © Webetechies Private Limited.
