The topic was UPI. Not general. You can ask bank to reverse card transaction and certain form of transfers but for UPI, there is no automatic reversal. Your ba

The topic was UPI. Not general. You can ask bank to reverse card transaction and certain form of transfers but for UPI, there is no automatic reversal. Your bank needs to contact other bank after receiving police report to freeze the account and then sort it out. The scammer will take out the money before that or move it. It is not reversal and it is not an option in practice unless the amount is very big which is rare for P2P. There is an upper limit on transactions enforced on UPI. The point still stands that reversal is not a significant problem for adoption when it's such as an edge case. UPI added dispute handling standard process only after it was processing more than billions of transactions monthly. There is something else holding crypto back from being used for payments.