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OLX QR Code 'Collect Request' Fraud

📅 2020 onwards💸 ₹2 Cr⚠️ Marketplace / UPI Fraud

Case Summary

Fake buyers on OLX convinced sellers that scanning a QR code would receive money, when it actually triggered a debit flow.

Year

2020

Fraud Amount

₹2 Crore

📖 What Happened

Sellers on second-hand marketplaces were told that the buyer would 'send' money using a QR code and that the seller only needed to scan and approve.

In reality the QR flow was a collect request or payment authorisation that caused money to leave the seller's account.

The fraud spread quickly because it exploited poor understanding of UPI push-versus-collect behaviour.

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