The company has around 23 million merchant partners and in order to ensure that they stay safe from these kinds of frauds, Paytm has said that there are several ways by using which merchants can do verification of payment receipt whenever a customer does a transaction. This fake Paytm app payment confirmation page is being used to fool merchants. Paytm said, 'It has come to our notice that a video on social media is doing the rounds regarding a Paytm Spoof/look-alike app, which gives a false payment confirmation page.' According to the information provided by Paytm, the company has come to know about a fake Paytm app, which gives a false payment confirmation page. People use these applications for a secure payments experience, but due to the increasing number of digital payment frauds it is very important for merchants and shopkeepers to stay alert.

Some of the most prominent applications that are being used for making online payments include Paytm app, Google Pay app, PhonePe app, among others. With digitalisation and online payments getting a boost in recent times, merchants in the country have partnered with several digital payment applications to make the process easier.