- Google is using machine learning to detect fraudulent transactions on Google Pay.
- The platform will analyze the aggregate transaction patterns of millions of users to highlight suspicious activities.
- The app will also flash a warning for users making a payment to a particular contact, and may even vibrate to get the user’s attention in some cases.
Google has announced a slew of new fraud-detection techniques to make digital payments on the Google Pay UPI platform more secure.
At the Google For India event on Monday, Google revealed that it is using machine learning to detect fraudulent transactions on Google Pay.
The platform will analyze the aggregate transaction patterns of millions of users to highlight suspicious activities.
Further, the app will also flash a warning for users making a payment to a particular contact. In some cases, the app may even vibrate to get the user’s attention.
Google Pay has also released a new feature that allows users to easily access their transaction history by asking questions about spending, such as “show me how much money I spent on coffee.”
“Through it all, security is the cornerstone of our product strategy. We focus on the fundamentals of security and software development to design products that are secure by default, private by design and put users in control. While people navigate the internet, it is important that they get safe access to quality information,” according to a blog post from Google.
The statement continued, “As we head into the next year, we remain committed to putting our technology to work to help even more people across the country. India’s unique approach to embracing digital technology has had transformative effects across society.
At Google in India, we are equally honored to build solutions to the challenges and to find ways to help more people share the benefits of using the internet in their daily lives.”
Google Pay is a digital payment platform developed by Google that allows users to make and receive payments and transfer money through their smartphones.
It is available on both Android and iOS devices and is integrated with various other Google services, such as Google Maps and Google Assistant.
Google Pay uses different security measures, including encryption and tokenization, to ensure the safety of users’ financial information.
Apart from using it to make and receive payments, users can also use Google Pay to manage their finances, such as tracking their spending and setting up budgeting goals. Google Pay is widely accepted by merchants and online retailers around the world, making it a convenient and secure way to make digital payments.