Ways to safely use other mobile wallets including Paytm, Mobikwik and Freecharge

After the demonetization of Rs 500 and Rs 1000 notes, there has been a tremendous increase in the use of digital payments. These methods include mobile banking, electronic banking and mobile wallet. A large number of people are using their mobile devices for electronic transactions for the first time. And this can be said to be the beginning of digitizing your transactions not just for the first time but forever.

But once you download the app, how do you ensure it is safe? Most banking apps are secure and use good and strong encryption technology. You can also adopt many more methods to protect your financial app from hacking and make it more secure. Learn six ways you can secure your mobile banking and wallet apps.

1) Keep the lock screen code in your phone
The first thing you need to do is set a lock screen code on your phone, not just for your digital wallet but for all the data on the phone. By doing this, even if your smartphone is stolen, it will be extremely difficult for a thief to access your data including your mobile banking and wallet apps. Now even affordable handsets come with fingerprint sensors, so having a lock screen code will further strengthen security. For phones that don’t come with a fingerprint sensor, make sure you use a passcode or pattern lock to keep your device and data secure. If you use a passcode, keep in mind that you do not share it with anyone else nor use it anywhere else.

2) Use App Locker
There are many such apps available in Google Play through which passcode can be set for other apps. This means you’ll need to type a password to access a locked app. Now the question is what is the need to do this? Let us say, suppose you need to give your phone to someone else to make a call or for some other work. You will then have to unlock your phone and hand it over, no matter how trustworthy the person is. But still, do you trust all your friends with money transactions and accessing your mobile wallet?

Having an app locker allows you to give your smartphone to anyone. This means you will not have to worry about your important information being stolen. Because you have locked apps like banking app and mail also. Some popular app locker apps like CM Locker And app lock Are. Both of these have received good reviews on Google Play.

Apart from this, if you do not want to use third party apps then go to your phone’s settings and turn on guest mode. This option can be enabled when you give the phone to someone else.

3) Track your notifications
Whenever any transaction is done from your account, the bank sends you an alert through SMS and email. It is important to track these notifications so that you know if someone else accesses your accounts digitally or in any other way. Apps like Money View and Walnut can access the bank’s SMS alerts and keep a record of the transactions done from your account.

If you have registered a secondary email ID for your NetBanking account with the intention of ignoring spam. So setup it to forward notifications to your main email. Otherwise, a notification with an alert of misuse which if delayed in viewing can cause harm.

4) Do not use jailbroken/rooted phones and apps from unknown sources.
Do not use a jailbroken iPhone or rooted Android smartphone for mobile banking app and mobile wallet. When you jailbreak or root a smartphone, the security provided by Google and Apple in the core OS to protect the phone from malware and hackers is lost. This makes it easy to hack financial data from the device.

Similarly, if you are installing any app on Android whose source is unknown and you are also not sure about its reliability. In such a situation, Google Play Store and app Store Safe way.

5) Ignore third party keyboards
Third party keyboards are great for many things. But you do not know what data is stored by these keyboards. You have access to all your inputs in these keyboards. For this reason, third party keyboards for banking apps and mobile apps remain a bit insecure. Because your passwords and codes are also visible to these keyboards. like swiftkey companies say That they do not store any kind of personal data but this is certainly under question. To avoid any kind of danger, use the default keyboard while using sensitive apps.

6) Never use mobile wallet and banking apps on public Wi-Fi
Public Wi-Fi is usually not encrypted and this increases the risk of hacking. When using public Wi-Fi, the information you access on your device, as well as mobile payment apps, can be hacked. Avoid public Wi-Fi, especially if you have any important personal information or financial apps on your device.