Fake Paytm app cons shopkeepers in Hyderabad, spreads fear

Last Updated: Sat, Jun 30, 2018 12:31 hrs
An advertisement of Paytm, a digital wallet company, is pictured at a road side stall in Kolkata

Hyderabad: Shopkeepers in Hyderabad are having sleepless nights ever since news of a bunch of pranksters conning the locals using a fake Paytm app, started doing the rounds.

Local shops and supermarkets from Jubilee Hills have been cheated by showing transactions on the fake app.

Although the total value of the loot is estimated at over Rs 2 lakhs, the fear among small shop-keepers is quite high.

Media reports referred to the fraudsters as "pranksters" who pretended to use the Paytm app, albeit a fake one. This fake app mimics the original one by showing that a payment is made.

But the traders realized only a while later that the amounts were yet to reflect in their Paytm accounts.

Deccan Chronicle, quoted P Radhakrishna Rao, the DCP Commissioner's Task Force as saying, "The fraudsters downloaded 'Prank Paytm', a fake app, from Google Play Store to deceive traders."

The prank would have gone unnoticed had it not been for a shopping center from the city that tallied it's books to find missing payments. Their internal search concluded that transactions of a bunch of customers had not hit their accounts.

Once they lodged a formal police complaint, more complainants from nearby Jubilee Hills came forward to reveal that they too had been conned.

Three supermarkets and two local shops from Jubilee Hills, Himayatnagar and Abids according to a Police officer have been conned. The cheated also includes the popular franchisee Firstcry Kids and a local store Almond House, who were duped of Rs 2 lakhs using the fake app.

The app currently is unavailable on the Play Store, we are yet to check it's availability on the Apple iOS store, but investigating officials are verifying the credentials of such apps and curbing the menace.