Why are online transactions making consumers more vulnerable than ever?

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Why are online transactions making consumers more vulnerable than ever?

Do you always rely on quick payments for everyday transactions? Scammers exploit these tendencies by sending deceptive notifications, creating a false sense of urgency, and prompting users to make a transaction or take an action before they fully understand the details.

Constant accessibility via saved cards, auto-login credentials, etc., also creates a risk of accidental approvals. When all these daily transactions originate from the primary bank account, any mistake or fraudulent attempt directly impacts the core savings.The need of the hour is a structured way to make the most out of digital convenience without exposing long-term funds. Airtel Payments Bank offers a solution with a savings account. It serves as a second account meant for daily transactions. Here are some features that elevate the transaction experience with an Airtel Payments Bank account:

  • Account security with Fraud Alarm: Experience a security mechanism that triggers a quick response to prevent any fraudulent activity. With a single swipe, the account gets temporarily blocked, the present mPIN expires and an sms will be sent for mPIN resetting. A ticket is also raised to send an alert to the Fraud Management team. This alarm for quick action ensures that consumers can continue to experience convenience of digital transactions without impacting their monetary resources.
  • Control of transactions with Safe Pay: Through this feature, no amount of money can leave a person’s account without their consent. It is an additional layer of protection with three-factor authentication. Users get alerts through Airtel Network Intelligence for payment approvals.
  • Smart tools for better finance management: Keep a tab on little things to protect hard-earned resources. The Airtel Payments Bank account is equipped with the ability to limit spends, which can be customised. This is a way to enable more mindful usage of money.
  • A breather for your bank account: With the Airtel Payments Bank, make the most out of Sleep Mode. Users can pause their transactions with ease when not in use in instances like an international trip and more.

India's digital payments landscape demonstrates an intriguing evolution in financial infrastructure driven by innovative technologies that bring convenience into everyday routines. Airtel Payments Bank with its safe second account ensures that people continue to harness the ease of these payment innovations in a secure manner. Disclaimer: This article has been produced on behalf of Airtel Payments Bank by Times Internet’s Spotlight team.

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