Mafias falsify Yape transactions: this is how criminals operate and what to do to prevent it

In recent months, there has been a significant increase in reports of scams using fake Yape. This criminal modality mainly affects small and medium-sized businesses, where criminals use counterfeit applications to deceive merchants, making them believe that They have received a payment when in reality they have not. This situation has generated concern, so we will teach you how to prevent these scams.

The popularity of Yape has grown enormously since its launch in 2016, and has facilitated electronic transactions in the country. However, its massive use has also attracted the attention of scammers seeking take advantage of trust in this technology.

What is fake Yape?

He fake Yape is a type of scam in which criminals use manipulated or fake applications to simulate successful transactions. Scammers display seemingly genuine payment receipts that trick merchants into believing the money has been transferred to their accounts. However, upon reviewing the available balance, businesses discover that they have not received payment.

The modus operandi of criminals usually includes the use of cloned applications that imitate the interface of Yape. The scammers present screenshots or falsified receipts that look authentic. In some cases, even distracting employees to prevent them from correctly verifying the transaction.

How to prevent a fake Yape scam?

To avoid being a victim of fake Yape, traders must follow certain recommendations. Firstly, it is essential to verify that the money has been credited to the bank account before delivering any product or service. This can be done by directly checking the account through the bank’s official application.

Furthermore, it is suggested take additional security measuressuch as asking customers to show payment confirmation from the official app Yape. It is also important to train staff on how to identify potential scams and stay informed on the latest fraud patterns.

Best practices include:

• Review the available balance before completing the transaction.
• Use additional authentication methods.
• Train employees to spot warning signs.
• Keep applications and systems updated to avoid vulnerabilities.

What is Yape?

Yape is a mobile payment application developed by Credit Bank of Peru (BCP) which allows users to make transactions quickly and easily, using only the phone number or a QR code. From launch in 2016has become a popular tool among Peruvians to make payments without having to carry cash.

With more than 3 million active users and sustained growth, Yape has positioned itself as one of the main payment applications in Peru. This platform has simplified daily transactions, and has allowed instant transfers and payments in stores of all types. However, this success has also brought with it new challenges in terms of security and fraud prevention.