Fake PhonePe Mod APK is a fraudulent version of the real PhonePe app that can be dangerous to use. It may promise free money, unlimited cashback, or special features, but these claims are false. Such fake apps are created by scammers to steal your personal and bank details. Installing them can also expose your phone to viruses and hacking risks. To protect yourself, always download PhonePe from official sources like the Google Play Store or Apple App Store and avoid using any modified versions.