21 Oct, 2019E27.CO
The Prepay founding team
Online fraud and scams are a norm in Malaysia. Around 12,481 cases reported in 2016 were related to online shopping, as per an estimate. They resulted in the loss of RM266 (US$64) million in 2017, and this number rose to RM398 (US$95) million in 2018.
“Existing solutions to prevent online fraud deemed ineffective and inefficient,” Nik Mohd Azri Azaha tells e27. “We hope to make a difference with our online escrow service Prepay.”...