Understanding payment fraud: The growing threat to fintech startups

Quick Summary:

Over the years, as technology has advanced to facilitate business operations through digital means, criminals have found new ways to practice their vice by embedding themselves in digital payment systems.

Furthermore, advanced technologies like mobile payment systems, peer-to-peer payment systems, and cryptocurrency have increased the threat level, giving more room for unscrupulous activities.

In recent years, several fintech startups have transformed how people view financial services by creating solutions that make payments, lending, and investments easier.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Shams Tabrej

Category: StartupsEconomyBusiness

Markets: India

Topics: Data Payment Advanced Fraud Information Startups Fraud: Digital Financial Fintech Customers

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 02:30:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 693 words

Reading Time: 4 minutes read

Sentences: 42 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 24074699

View Article Analysis

About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 7 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

Frequently Asked Questions