Download 1% Club App Now! https://bitly.onepercentclub.io/app-download In this episode, we’re joined by Gaurav Arora from Flipkart and Hemang Dattani from PayU, two senior leaders operating at the core of India’s digital payments ecosystem. Flipkart serves nearly 500 million customers across 20,000 pin codes and processes up to one crore transactions a day during peak events, while PayU runs dedicated fraud and risk teams working closely with central agencies to safeguard transactions at scale. They break down a hard truth: nearly one in five Indian households has faced some form of fraud. From OTP phishing and fake traffic challan links to APK malware and AI-powered scam calls, this conversation explains how scammers exploit fear and greed more than technology and how large platforms detect and block fraud in real time. The episode also explores the future of payments. Moving beyond OTPs, Flipkart has launched biometric-based card payments in partnership with PayU, using device-bound authentication like fingerprint and face recognition to reduce fraud while making transactions seamless. If you want to understand how scams actually work and where India’s payments ecosystem is headed next, this episode delivers clear, practical insights. Subscribe: The 1% Club: YouTube: https://www.youtube.com/@onepercentclub12 Instagram: https://www.instagram.com/onepercentclub/ LinkedIn: https://www.linkedin.com/school/the-1-clubfws Sharan Hegde: Instagram: https://www.instagram.com/financewithsharan/ LinkedIn: https://www.linkedin.com/in/sharanhegde95/ Twitter/X: https://x.com/financewsharan – Sharan Hegde is a personal finance creator & founder of the 1% Club, simplifying money, markets, and mindset for India’s next generation of wealth builders. – Timeline: 00:00 - Introduction 01:56 - Types of Scams Making Indians Lose Crores 08:29 - APK Scams & How Your OTP Gets Stolen 14:44 - How AI & Bots Are Making Scams More Dangerous 17:35 - How Flipkart Detects & Fights Fraud at Scale 23:15 - Future of Payments in India 27:05 - How Banks Carry Out Secure Transactions 29:00 - Benefits of Biometric Transactions 34:14 - About Flipkart Minutes 35:48 - Conclusion Connect with me: Instagram: https://www.instagram.com/financewithsharan/ Facebook: https://www.facebook.com/financewithsharan LinkedIn: https://www.linkedin.com/in/sharanhegde95/ Twitter: https://twitter.com/financewsharan #financewithsharan #finance #sharan