BharatPe, a leading Indian fintech firm, has launched ‘Shield,’ a comprehensive fraud protection plan designed to secure digital transactions for users of its Unified Payments Interface (UPI) services. The initiative aims to provide a safer payment experience, reinforcing the company’s commitment to secure digital payments.
Shield offers a complimentary 30-day fraud protection plan for new users making their first UPI transaction through the BharatPe app. During this trial period, users are protected against fraud for transactions up to Rs 5,000. After the trial, users can continue enjoying the benefits of Shield at an affordable subscription fee of Rs 19 per month.
Nalin Negi, CEO of BharatPe, emphasized the company’s dedication to secure transactions, saying, “Safeguarding consumer transactions from online frauds has always been a key responsibility for us. With BharatPe Shield, we empower users with a fraud protection plan that secures their daily transactions.”
The Shield plan covers various risks, including computer fraud, phishing, and unauthorized transactions due to phone theft. Additionally, it offers pre-reporting coverage, enabling users to claim losses for up to 10 days before fraud is reported. The fraud reporting and claim processes are designed for user convenience, accessible through the app, chatbot, and 24/7 toll-free helplines.
