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Indian fintech leader BharatPe has launched ‘Shield,’ a comprehensive fraud protection plan aimed at ensuring secure digital transactions via its Unified Payments Interface (UPI) services. The initiative underscores BharatPe’s commitment to safeguarding users from the growing threat of online payment fraud.
Complimentary Fraud Protection for First-Time Users
As an introductory offer, BharatPe is providing a 30-day complimentary fraud protection plan to new users making their first UPI transaction through the BharatPe app. This free trial secures transactions up to ₹5,000.
Post the trial period, users can continue availing themselves of Shield’s benefits at a nominal subscription fee of ₹19 per month, ensuring ongoing protection for everyday digital payments.
Enhanced Security and User Empowerment
Shield offers extensive fraud coverage, addressing risks such as:
- Computer Fraud: Protection from unauthorized access and digital intrusions.
- Phishing Attacks: Safeguards against fraudulent attempts to obtain sensitive information.
- Phone Theft: Covers unauthorized transactions resulting from stolen devices.
A standout feature is pre-reporting coverage, which allows users to claim losses incurred up to 10 days before the fraud is reported, providing added peace of mind.
Easy Reporting and 24/7 Support
Shield ensures a seamless fraud reporting and claim process via:
- In-app reporting features.
- A dedicated chatbot for instant support.
- Toll-free helplines available round-the-clock.
This integrated support system simplifies the claims process and makes it accessible to users at any time.
BharatPe’s Commitment to Secure Payments
Nalin Negi, CEO of BharatPe, highlighted the firm’s dedication to secure digital financial systems, saying, “Safeguarding consumer transactions from online frauds has always been a key responsibility for us. With BharatPe Shield, we empower users with a robust fraud protection plan that secures their daily transactions.”
Driving Trust in Digital Payments
As digital transactions become increasingly integral to India’s financial ecosystem, BharatPe Shield addresses a critical need for enhanced security. By offering affordable and effective fraud protection, BharatPe aims to build trust among UPI users and drive the adoption of secure digital payment practices.
This initiative positions BharatPe at the forefront of fintech innovation, delivering both convenience and security to millions of users across India.
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