New Delhi, June 6 -- In May 2025, UPI transactions saw 33 percent jump in the number of transactions year-on-year and 23 percent growth in value terms. Overall, the number of UPI transactions stood at 18.68 billion in May 2025 amounting to Rs.24.77 lakh crore.

What looks like a promising growth ofdigital transactions in terms of quantity as well as in volume has a flip side too: growing number of cyber frauds.

TheRBI does not maintain any data with regards to loss due tocyber frauds but the total loss due to frauds under the category of card, internet and digital payments collectively amounted to Rs.107.21 crore in FY 25 (till Dec 2024). In 2023-24, financial loss on account of online frauds amounted to Rs.177 crore which stood at Rs.69...