Online payments are now incredibly rapid and simple thanks to the Unified Payment Interface (UPI). Nobody is shocked by UPI’s accomplishments. However, there has been a rise in the instances of fraud in UPI-based online transactions. The National Cyber Crime Reporting Portal (NCRP) has seen a large increase in cyber fraud reports as a result of UPI fraud, according to data from the Ministry of Home Affairs. Between the first and second quarters of 2022, reports of cyber fraud increased by 15.3%.