'Airtel Safe Pay' - A Three layers Safety Net for a Fraud-Proof Digital Payment

'Airtel Safe Pay is the safest way to Pay which insures that no money leaves your account without your approval'.

Share of digital payments across most digital payments platforms has more than doubled compared to last year.  Similar spike is noticed in Cyber frauds with rise in Online payments. Though all nationalized banks and UPI enabled apps are following 2 factor authentication (MPIN & OTP) as mandated by RBI, yet rise in cyber-crimes in India is at an all-time high and no new innovation has happened in the domain recently.

To protect Airtel customers from the growing menace of online payment frauds, Airtel Payments Bank has launched the Airtel Safe Pay. When customers transact via UPI or Net Banking using Airtel Payments Bank, Airtel Safe Pay provides them with an additional layer of security.

Benefits of Enabling Safe Pay :

• Additional layer of security : Provides an additional 3rd factor authentication which no other bank/wallet provides. You will receive one more confirmation alert on your phone for the transaction before the amount gets debited from your Account.
• The Safest Way to Pay : Provides additional security feature for Net Banking and UPI payments and hence, is the most secure and safest way to pay by way of adding additional layer of security.
• Real Time Confirmation Alerts : Uses Airtel Network Intelligence to send an alert to the mobile number. No transaction goes through without your confirmation. Airtel Safe Pay covers both the feature phones and smart phones and hence provides 100% device coverage.
• No Exposure to Primary Bank Account :The Airtel Payments Bank account has a maximum balance limit of INR 1 lakh, which makes it a perfect secondary account for everyday transactions. User can link any UPI app to your Airtel Payments Bank account to ensure that there is zero exposure to your primary bank account.

Payments fraud scenarios where Safe Pay will be helpful - 

Safe Pay helps in keeping your money safe in these payment fraud scenarios:

• Phishing or Vishing frauds : If your Net Banking details get compromised or UPI web collect request is initiated from an unidentified source.
• Credentials theft: If your data gets stolen during online transaction and could be used further for fraudulent transactions.
• Identity cloning: If SMS code gets misused through social engineering, screen share and remote access and could be used further for fraudulent transactions.
• Device theft: If your device gets stolen along with credentials and You get your SIM deactivated, fraudulent transactions will not be completed.

An India-First innovation, ‘Airtel Safe Pay’ leverages Airtel's ‘Telco Exclusive’ strength of network intelligence to provide an additional layer of payment validation compared to the industry norm of two-factor authentication.

Airtel Safe Pay offers the highest level of protection from potential frauds such as phishing, stolen credentials or passwords, and even phone cloning that catches customers unaware. 

For further details https://www.airtel.in/bank/safe-pay

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