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PhonePe’s Guardrails: Advanced risk detection features
- PhonePe employs Trust & Safety features using data models and algorithms to monitor suspicious activity while protecting privacy.
- Device Guard is a security feature leveraging device data to protect users from fraud, malware, and social engineering scams on PhonePe.
- PhonePe's Device Fingerprint module generates unique fingerprints based on device settings to detect fraudulent patterns and prevent fraud.
- The edge-based model of PhonePe evaluates transaction risks using user-consented data, ensuring data privacy and user consent are prioritized.
- PhonePe's Identity Graph Platform creates linkages between entities like phone numbers and bank accounts to detect fraudulent activities and enhance transaction security.
- With PhonePe Protect, users receive prompts for potential security risks and can provide real-time feedback to improve fraud prevention measures.
- Users can block other users from sending or receiving payments on PhonePe, enhancing control over payment interactions.
- PhonePe leverages geographical data intelligence and AI tools to assess the trustworthiness of merchants and set transaction limits based on location.
- The company's commitment to advanced technological capabilities reflects its dedication to detecting and preventing fraud to maintain a secure platform for transactions.
- PhonePe continues to invest in security measures to secure digital payments for millions of Indian citizens, staying ahead of emerging risks in the payments ecosystem.
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