New scam modality in Yape: this is how you can avoid being deceived by the application that simulates payments and transfers

The use of digital wallets, such as Yape, brings with it a host of advantages. benefits and allows more people to have access to channels that previously seemed limited to a single sector. This system, presented by the Credit Bank of Peru (BCP) In 2016, it gradually made people part of this new system of micro bank transfers. Despite this great advance, criminals take advantage of people’s ignorance to persuade them through a new technique scam. Criminals are using a fake version of this app, generating fraudulent payment receipts to scam unsuspecting users.

This modality, known as false Yapehas spread rapidly, causing concern among users of the service. Criminals take advantage of the trust placed in digital transactions to deceive their victims, presenting false receipts that simulate be legitimate transfers. Below, we explain how this scam works, how you can identify an authentic Yape, and the story behind this popular digital wallet.

Fake Yape: How does this type of scam work?

The false Yape is a modality that is based on the creation of fake apps or image manipulation to produce payment vouchers that look real. Scammers offer these apps or APK on social media and other digital channels, attracting people interested in using Yape for their daily transactions. Once installed, the fake app generates screenshots of payments that are never actually made.

These captures are used for cheat merchants and users, making them believe that they have received a payment when in fact no money transfer has occurred. The sophistication of these fake receipts is such that they can appear authentic at first glance, causing many victims to only realize the fraud when they check their balances and they don’t find the promised money.

How can I spot a fake Yape?

Distinguishing a fake receipt from a real one may seem complicated, but there are a few steps that can help you identify potential fraud. First, always verify transactions directly on the official application Yape. Don’t rely solely on screenshots submitted by others as these can be easily faked. Also, make sure to download Yape only from official sources like Google Play Store or Apple App Store to avoid fraudulent versions.

Check your record of in-app transactions and confirms that the payment has been recorded. If you have doubts about the authenticity of a receipt, contact the sender and ask to verify the transaction in real time. Being alert to details such as typos, differences in receipt format, and suspicious behavior can help you avoid falling for this scam.

Yape: How did the digital wallet start?

Yape is a digital wallet that has changed the way Peruvians make money transactions. Launched in 2016 by the Credit Bank of Peru (BCP)), the app allows its users to send and receive money quickly and easily using only the recipient’s phone number. Yape’s simplicity and speed have led to its mass adoption, with millions of users relying on the platform for their everyday financial needs.

Yape’s popularity is not only due to its ease of use, but also to the multiple functionalities it offers. Users can pay for servicesmake purchases in stores and transfer money between friends and family without having to use cash. This versatility has made Yape an essential tool for many, especially in a context where the digitalization of financial services has accelerated.