Google Pay is a safe and secure software since it stores your credit card information on secure servers. When you use Google Pay, it does not save any of your information on your smartphone and does not share any of your financial information with businesses.
When a consumer completes a transaction, it appears in your app as a pending payment, which might help you spot suspect behaviour more quickly. This notice will show you the location of the transaction, the name of the business, and the amount spent or returned to you.
Unlike traditional payment processing, Google Pay employs tokenization, which means the retailer does not have access to your actual card information. Tokenization is a data security technique that protects your sensitive information from cyber-attacks by encrypting it.
Google Pay will need you to validate each purchase using your security code before proceeding, so put it in if it does not appear instantly.
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Do not skip this step because it is one of the most important in preventing fraud or theft.
Google Play stores all your details on your google account. So if you lose your device, you can revive or delete your account from another device. All the details of customers are stored in highly encrypted servers. Google does not sell users’ sensitive information to any third-party app. Check out Google’s policy.
Google Pay is recognized by the NPCI (National Payments Corporation of India) as a third-party service provider. NPCI regulates every Google made a transaction. Pay application.
How to keep your Google Pay Account Safe?
Readers should take the following actions to keep their Google Pay accounts safe:
- Make sure the 2-step verification security feature is enabled. 2Step Verification is a popular and effective security tool that protects your account from about 99% of cyber threats.
- You can create a secure password that includes special characters.
- Never disregard Google’s security alert emails or SMS.
- Never give out your OTPs or Google Pay information like MPINs or passwords.
- Block your phone number and Gmail account in the event of a lost device. With your Gmail account, you can remove your Google Pay account. You can lock your device using the Find My Device feature.
- Use your Google Pay app to avoid paying for websites that are flaky or phishing.
- You should also avoid connecting your device to public wi-fi networks because most public networks are vulnerable to cyber-attacks.
Google Pay Controversies
Paytm, an Indian UPI payment platform, accused Google Pay of selling user information to other Google Group firms in 2018. On behalf of Paytm, a spokesman expressed their concerns about client security. He wrote the NPCI chief a letter explaining how Google LLC has a history sheet and specific standards for sharing consumer data with the group firms. Nonetheless, Google refutes all accusations. Google indicated that they are required to protect users’ banking data, including credit and debit card information, login information, and all consumer rights.