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Beware ⚠️ - LazyPay Scams at Peak - Closure?

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D₹V

D₹V

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Guys, recently LazyPay & other BNPL scams have increased drastically!!

Reason of scams:
1. Easy to access account via OTP
2. Once accessed, can be spent any amount without OTP on partner merchant.
3. And once linked you can't delink until you have access to that merchant account i.e. Swiggy like we have an option to delink in Paytm/Amazon app settings.

Recent Incident:
1. In different forum, one guy's LazyPay account someone linked with Swiggy, he has iPhone so there is no chance of malicious APK install (maybe he shared OTP) and got scammed approx 150k in parts on Swiggy. He has raised the complaint to Swiggy & LazyPay both but we all know the support team of these platforms.

Screenshot_20231204-142023.png

2. In another incident, one guys receives spam call & asks OTPs to block transaction, which is obviously a scam. But thankfully he didn't enter OTP.

Screenshot_20231204-141957.png Screenshot_20231204-132119.png

Another reason of scams I believe is SMS apps, most SMS apps give in-notification copy option. We get so reliable that we do not read the full SMS like where this OTP come from Swiggy itself or aadhar?, what's the transaction amount, etc & just paste the OTP in payment/login page. We should practice reading full SMS before pasting OTP.

I strongly recommend to close LazyPay Pay Later account! But why?;
1. No specific offers
2. No merchant coverage i.e. select merchants
3. Show as personal loan in CICs which is nowhere gonna help for credit mix ( credit mix = unsecured + secured loans/credit ≠ unsecured loan + unsecured credit).

For example you want to order a product on Myntra. You can easily get Myntra GV on 8-15%* off from many sources, so why would you loose 8-15% savings by using LazyPay or FK Pay later or any pay later?? Hope you got my point.

These BNPLs not gonna help you in building your credit profile, instead choos an unsecured/secured credit card.

Bonus:
If you close the LazyPay BNPL today, it'll be marked as closed by end of this month. As per executive, Lazypay reports all the data to CICs on 5th of month. It'll take 15 days to reflect in CICs i.e. CIBIL. So, I believe this (4th Dec) is the auspicious day to close this loan 😂.

Steps to close:
1. Call 02269821111
2. Tell them you want to close the lazypay account permanently (not temporarily) & want NOC for the agent.
3. Agent will ask you reasons which you know well 😉.
4. He will close the lazypay account immediately & you'll receive email for the same.
5. Don't login on LazyPay now & you'll never to able to sign on LazyPay again.

Thank you 😊 for reading the whole thread ❤️.
Be alert, be safe 🙏.
 
Last edited:
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D₹V said:
Guys recently LazyPay & other BNPL scams have increased drastically!!

Reason of scams:
1. Easy to access account via OTP
2. Once accessed, can be spent any amount without OTP on partner merchant.
3. And once linked you can't delink until you have access to that merchant account i.e. Swiggy like we have an option to delink in Paytm/Amazon app settings.

Recent Incident:
1. In different forum, one guy's LazyPay account someone linked with Swiggy, he has iPhone so there is no chance of malicious APK install (maybe he shared OTP) and got scammed approx 150k in parts on Swiggy. He has raised the complaint to Swiggy & LazyPay both but we all know the support team of these platforms.

View attachment 36586

2. In another incident, one guys receives spam call & asks OTPs to block transaction, which is obviously a scam. But thankfully he didn't enter OTP.

View attachment 36587View attachment 36588

Another reason of scams I believe is SMS apps, most SMS apps give in-notification copy option. We get so reliable that we do not read the full SMS like where this OTP come from Swiggy itself or aadhar?, what's the transaction amount, etc & just paste the OTP in payment/login page. We should practice reading full SMS before pasting OTP.

I strongly recommend to close LazyPay Pay Later account! But why?;
1. No specific offers
2. No merchant coverage i.e. select merchants
3. Show as personal loan in CICs which is nowhere gonna help for credit mix ( credit mix = unsecured + secured loans/credit ≠ unsecured loan + unsecured credit).

For example you want to order a product on Myntra. You can easily get Myntra GV on 8-15%* off from many sources, so why would you loose 8-15% savings by using LazyPay or FK Pay later or any pay later?? Hope you got my point.

These BNPLs not gonna help you in building your credit profile, instead choos an unsecured/secured credit card.

Bonus: If you close the LazyPay BNPL today, it'll be marked as closed by end of this month. As per executive, Lazypay reports all the data to CICs on 5th of month. It'll take 15 days to reflect in CICs i.e. CIBIL. So, I believe this (4th Dec) is the auspicious day to close this loan 😂.

Thank you 😊 for reading the whole thread ❤️.
Be alert, be safe 🙏.
Click to expand...
I am actually keeping it open because I want to get the Cobranded CC and just in case for that, I don't want to close existing relationship with LPay. Hehe
 
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D₹V said:
Another reason of scams I believe is SMS apps, most SMS apps give in-notification copy option. We get so reliable that we do not read the full SMS like where this OTP come from Swiggy itself or aadhar?
Click to expand...
I am sorry but I don't understand this part. This is only an issue when you yourself are adding bnpl service on your merchant's app? Which usually isn't a vector of scam. Scammers either hijack your linked merchant account or link your bnpl service to their merchant account.

Plus android as a whole is on another level on this specific issue. They have api calls which allow merchants to ask for otp without even given sms access. I have seen this being hijacked but requires access to a lot of low level stuff that is usually not the way most scammers approach.
 
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Pankhuri said:
I am sorry but I don't understand this part. This is only an issue when you yourself are adding bnpl service on your merchant's app? Which usually isn't a vector of scam. Scammers either hijack your linked merchant account or link your bnpl service to their merchant account.

Plus android as a whole is on another level on this specific issue. They have api calls which allow merchants to ask for otp without even given sms access. I have seen this being hijacked but requires access to a lot of low level stuff that is usually not the way most scammers approach.
Click to expand...
Once I signed up/login on site/app, I don't remember

But I received OTP from Amazon, thankfully I didn't put the OTP.

Have you used SMS Organiser/Truecaller/SMS by Google? They just show OTP instead of full SMS in notification until you drag it to full.

Hope you got my context.

And yes there are many ways to hack.
 
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MangoRush said:
I have +150 which I cannot use as the wallet is blocked and asking me to accept new T&C on mobile app.
Clicking on the banner does nothing.
Click to expand...
Hey brother, call them up.
Say you have no use of that money in LazyPay.
And you want the refund in account as we do in credit cards for extra payment in bank account.

They'll refund your money to last payment method you used to pay the bill.

If you use UPI, it'll refund in same UPI.

I cashed out 4k refund in LazyPay this year 😉.
 
Upvote 0 Downvote
vaibhav111 said:
i did used lazyapp back in 2020... and now i can't remember if i have send email to block my lazyapp account. checked my email and i have asked them to close my account on Sat, Jan 29, 2022, 10:23 PM, but received no reply so what should i do? or my account would have auto closed by now?
Click to expand...
Login on LazyPay app & check.

It maybe temporarily deactivated.

Ask them to close permanently on call, if they haven't.
 
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Speaking of scams, I got a call for personal loan from Citibank. IIRC citibank sold their whole retail banking to Axis, so is this just some agent or do Citi still have some presence in India through lending? Call came from an official looking number, when I called back I got the response that the number doesn't exist which is typical for legit customer care these days.
 
Upvote 0 Downvote
D₹V said:
Guys, recently LazyPay & other BNPL scams have increased drastically!!

Reason of scams:
1. Easy to access account via OTP
2. Once accessed, can be spent any amount without OTP on partner merchant.
3. And once linked you can't delink until you have access to that merchant account i.e. Swiggy like we have an option to delink in Paytm/Amazon app settings.

Recent Incident:
1. In different forum, one guy's LazyPay account someone linked with Swiggy, he has iPhone so there is no chance of malicious APK install (maybe he shared OTP) and got scammed approx 150k in parts on Swiggy. He has raised the complaint to Swiggy & LazyPay both but we all know the support team of these platforms.

View attachment 36586

2. In another incident, one guys receives spam call & asks OTPs to block transaction, which is obviously a scam. But thankfully he didn't enter OTP.

View attachment 36587View attachment 36588

Another reason of scams I believe is SMS apps, most SMS apps give in-notification copy option. We get so reliable that we do not read the full SMS like where this OTP come from Swiggy itself or aadhar?, what's the transaction amount, etc & just paste the OTP in payment/login page. We should practice reading full SMS before pasting OTP.

I strongly recommend to close LazyPay Pay Later account! But why?;
1. No specific offers
2. No merchant coverage i.e. select merchants
3. Show as personal loan in CICs which is nowhere gonna help for credit mix ( credit mix = unsecured + secured loans/credit ≠ unsecured loan + unsecured credit).

For example you want to order a product on Myntra. You can easily get Myntra GV on 8-15%* off from many sources, so why would you loose 8-15% savings by using LazyPay or FK Pay later or any pay later?? Hope you got my point.

These BNPLs not gonna help you in building your credit profile, instead choos an unsecured/secured credit card.

Bonus:
If you close the LazyPay BNPL today, it'll be marked as closed by end of this month. As per executive, Lazypay reports all the data to CICs on 5th of month. It'll take 15 days to reflect in CICs i.e. CIBIL. So, I believe this (4th Dec) is the auspicious day to close this loan 😂.

Steps to close:
1. Call 02269821111
2. Tell them you want to close the lazypay account permanently (not temporarily) & want NOC for the agent.
3. Agent will ask you reasons which you know well 😉.
4. He will close the lazypay account immediately & you'll receive email for the same.
5. Don't login on LazyPay now & you'll never to able to sign on LazyPay again.

Thank you 😊 for reading the whole thread ❤️.
Be alert, be safe 🙏.
Click to expand...
LazyPay UPI jab band hua tha usi time maine LazyPay account band karwa Diya tha. Suru me LazyPay NOC me sirf mobile number mention kar raha tha but I forced them to issue noc with loan account number.
 
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Upvote 0 Downvote
D₹V said:
Guys, recently LazyPay & other BNPL scams have increased drastically!!

Reason of scams:
1. Easy to access account via OTP
2. Once accessed, can be spent any amount without OTP on partner merchant.
3. And once linked you can't delink until you have access to that merchant account i.e. Swiggy like we have an option to delink in Paytm/Amazon app settings.

Recent Incident:
1. In different forum, one guy's LazyPay account someone linked with Swiggy, he has iPhone so there is no chance of malicious APK install (maybe he shared OTP) and got scammed approx 150k in parts on Swiggy. He has raised the complaint to Swiggy & LazyPay both but we all know the support team of these platforms.

View attachment 36586

2. In another incident, one guys receives spam call & asks OTPs to block transaction, which is obviously a scam. But thankfully he didn't enter OTP.

View attachment 36587View attachment 36588

Another reason of scams I believe is SMS apps, most SMS apps give in-notification copy option. We get so reliable that we do not read the full SMS like where this OTP come from Swiggy itself or aadhar?, what's the transaction amount, etc & just paste the OTP in payment/login page. We should practice reading full SMS before pasting OTP.

I strongly recommend to close LazyPay Pay Later account! But why?;
1. No specific offers
2. No merchant coverage i.e. select merchants
3. Show as personal loan in CICs which is nowhere gonna help for credit mix ( credit mix = unsecured + secured loans/credit ≠ unsecured loan + unsecured credit).

For example you want to order a product on Myntra. You can easily get Myntra GV on 8-15%* off from many sources, so why would you loose 8-15% savings by using LazyPay or FK Pay later or any pay later?? Hope you got my point.

These BNPLs not gonna help you in building your credit profile, instead choos an unsecured/secured credit card.

Bonus:
If you close the LazyPay BNPL today, it'll be marked as closed by end of this month. As per executive, Lazypay reports all the data to CICs on 5th of month. It'll take 15 days to reflect in CICs i.e. CIBIL. So, I believe this (4th Dec) is the auspicious day to close this loan 😂.

Steps to close:
1. Call 02269821111
2. Tell them you want to close the lazypay account permanently (not temporarily) & want NOC for the agent.
3. Agent will ask you reasons which you know well 😉.
4. He will close the lazypay account immediately & you'll receive email for the same.
5. Don't login on LazyPay now & you'll never to able to sign on LazyPay again.

Thank you 😊 for reading the whole thread ❤️.
Be alert, be safe 🙏.
Click to expand...
Simpl Pay me bhi IVR OTP scam ho raha.
I received call to cancel Simpl transaction but I received otp from blinkit.
 
Last edited:
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