In today’s era, the use of QR code has increased rapidly due to contactless payment. With the increasing use of QR codes, the dangers associated with it have also started increasing. QR code has made the process of online payment very easy. Although some people are using it to cheat others. SBI has alerted users that QR codes are never used to receive money. So if someone asks to scan QR code to receive money, then refrain from doing so. If you pay through QR code, then know the important things related to it.
You don’t receive money when you scan a QR code. All you get is a message that your bank account is debited for an ‘X’ amount. Do not scan #QRCodes shared by anyone unless the objective is to pay. Stay alert. #StaySafe. https://t.co/EXGQB7YFT9#QRCodes #InternetBanking
— State Bank of India (@TheOfficialSBI) April 27, 2021
These days, if you go to the petrol pump, go to the shop or get milk, QR code (Quick Response) is used everywhere for payment. One is a contactless payment system, secondly it is also convenient to make payment. That’s why people are liking to pay through QR code. Also, the hassle of carrying cash is also saved. But these days QR codes are also being used for fraud.
SBI has alerted its users that QR codes are never used to receive money. Let us tell you that QR code is a kind of static image, it cannot be hacked, but thugs can replace it by fraud or can encourage you to scan the QR code by luring you.
Even if scanning the QR code, don’t enter your UPI PIN unless you want to send money. Let us tell you that you do not need to enter your UPI PIN to receive money. That’s why you should keep in mind that you can only use the QR code to send money and not to receive money. Whenever you are asked to send a certain amount, scan the QR code using UPI apps like Google Pay, BHIM, SBI Yono Yono etc and then enter the amount and your UPI PIN to confirm the transaction .
What is QR Code?
QR stands for Quick Response. QR code may look simple, but it is capable of storing a lot of data inside itself. No matter how much data is inside the QR code, it can be accessed immediately after scanning. That’s why it is also called Quick Response Code. A QR code is a type of barcode that can be easily read by a digital device. QR code is used to track information about the product.
Many smartphones nowadays have an in-built QR reader, which is often used for marketing and advertising campaigns. The first QR code system was invented in 1994 by the Japanese company Denso Wave, a subsidiary of Toyota. They needed a more accurate way to track vehicles and parts during the manufacturing process. So he developed a type of barcode.
What is the difference between Barcode and QR Code?
The difference between a barcode and a QR code is that standard barcodes can only be read in one direction – top to bottom. This means that it can store only a small amount of information. They are usually in alphanumeric format, but QR codes are read in two directions – top to bottom and right to left. It has the facility to store a lot of data. QR codes can store up to 4,000 characters, including website URLs, phone numbers or text.
Why do we use QR code?
Apart from making payments, QR codes can also be used to download apps, authenticate online accounts and verify login details. The purpose behind developing the QR code was not to waste time. Denso Wave made their QR code publicly available and announced that they would not exercise their patent rights. This meant that anyone could create and use QR codes.
Is QR Code Safe?
QR code is a static image, which cannot be hacked, but it can be easily changed by anyone. The biggest risk with a QR code is that you won’t know what’s behind the code until you scan it. Today QR codes are being used to pay for a variety of goods and services, where the user simply scans the QR code with their banking app. Here the fraudster can generate QR code. If the scan does not show the trusted source, then the payment should be avoided.
