Digital Payment app Paytm sent out a tweet assuaging and clarifying concerns regarding the safety of its FASTag.
This came in response after a viral video on social media alleged a nifty swindler’s trick could somehow compromise the platform’s security measures.
The video showed a young boy cleaning the windshield of the person who uploaded it. The child then swiftly escapes when questioned about the smartwatch that was wrapped around his wrists.
The uploader alleged that the kid had successfully conducted a scam on them, potentially siphoning money from his Paytm account. He mentioned that it was the second time he had fallen for the scam. A major concern for account holders if it was true.
A video is spreading misinformation about Paytm FASTag that incorrectly shows a smartwatch scanning FASTag. As per NETC guidelines, FASTag payments can be initiated only by authorised merchants, onboarded after multiple rounds of testing. Paytm FASTag is completely safe & secure. pic.twitter.com/BmXhq07HrS
— Paytm (@Paytm) June 25, 2022
However, Paytm took to Twitter to issue a clarification regarding FASTag’s safety.
It read, “A video is spreading misinformation about Paytm FASTag that incorrectly shows a smartwatch scanning FASTag. As per NETC guidelines, FASTag payments can be initiated only by authorised merchants, onboarded after multiple rounds of testing. Paytm FASTag is completely safe & secure.”
The claims made in the video have since been debunked by TOI when an…
