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Recently a video went viral on social media. The video, titled Fastag Scam, is causing concern among fast tag users. The gist of the video is that Fastag stickers are being scanned by smartwatches and money is being laundered from Paytm. Watching a video that has gone viral on social media, a guy wipes a car windshield at a traffic signal with a digital watch-like device in his hand. However, the owner noticed that he was scanning the Fastag sticker through the smart watch while he was wiping the glasses and tried to question him. The boy ran away. However, there is a video in the car that says that the car owner’s Fastag scam is going on.
NPCI Clarity on Viral Video:
The National Payments Corporation of India (NPCI) has clarified the video that is going viral on the internet. The video, which went viral, turned out to be a fake. NETC Fastag Ecosystem is built for transactions between NPCI, Acquirer Bank, Issue Bank and Toll Plaza. Fastag revealed that it works only for person-to-merchant transactions. Clarity was given that person-to-person transactions were not allowed through the Fastag network. It was revealed that the scam was out of the question as a person could not get the money in Fastag. Fastag said it would only be useful for customers to make payments at toll plazas.
The IP address, which allows transactions between customers and banks, is said to be secure by whitelisting the URL. NPCI said the hardware and security module installed at the Toll Plaza Center would be cryptographically stored. NPCI clarified that no transactions can be made through the open internet. Paytm also responded. As the video shows, it is not possible to scan through a digital watch and withdraw money from Paytm. This video is explained as a fake.
A #viral Video claims that devices like watches are being used to swipe the #Fastag on vehicles, leading to fraudulent deduction of money from prepaid wallets.#PIBFactCheck:
️ This Video is #FAKE
Transactions ️ Such transactions are not possible
️ Each Toll Plaza has a unique code pic.twitter.com/n7p01AXF4A
– PIB Fact Check (PIBFactCheck) June 25, 2022
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