Continue reading this blog to learn how fake payment apps work, how to spot a fake payment receipt app in seconds, and how to protect yourself and your business from falling for a fake app scam. Once installed, the fake app asks for unnecessary permissions, including access to SMS, contacts, storage, and even screen recording, which can be misused. 4. Fake Payment Screens When users attempt to make a transaction, these apps generate a fake payment success screen, tricking them into believing the money has been sent. 5. Stealing Banking Credentials Some fake apps use keyloggers or screen recording to steal UPI PINs, OTPs, and banking details, leading to financial fraud. How to ... In a worrying development for digital payment users, cybersecurity experts have issued a high-priority alert over fake UPI apps that closely mimic Google Pay , PhonePe , and Paytm. Suspect a fake PhonePe transaction? Learn how to spot, report, and prevent scams. Includes legal steps, support links, and real case examples.

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