Comment by carlosjobim
4 hours ago
Fraud protection in this case doesn't mean protection against having your card copied, it means protection when you've made a purchase and didn't receive the product you were promised.
Which payment method would you prefer to use for an online purchase: One where you have no chance of getting your money back if it turned out to be a scam, or one where you have protection against this?
UPI has a government controlled chargeback mechanisms [1]. Why would any system of payment not have a chargeback mechanism if someone stole from you? You can even chargeback cash by going through the legal system. Obviously, the better system for online transactions is an escrow system.
In any case, my politics demands not depending on the bureaucracy of a big corporation for legal redress.
[1] https://www.stashfin.com/blogs/dispute-upi-transaction-guide