UPI is good but not good

It is easy to blame commoners for their folly to fall prey but question should be how banking has become so transparently hackable. There has got be something missing in security protocols in banks which enables this. They must introspect. There used to be built in difficulty to transfer money earlier requiring some kind of physical contact like cheque, debit card, payout slip, signatures. Those have gone and replaced with four digit pins. This makes it easy to send money but for criminals too it has become much easier to crack and enter our accounts to syphon off savings.

There are much more secure and convenient ways to make quick payments by touch of phones, watches and cards which almost all other nations prefer. Using such physical interfaces for authenticating a transection is globally recognised and widely used safer practice. UPI even though no doubt, is hugely convenient but depends on virtual authentications using OTPs and PINs which have been observed to provide easier means for targeting bank accounts  by fraudsters. This is not considered a sound practice to promote quick street payments. UPI kind is a proven technology everywhere not something only India can have as some would like people to believe foolishly.