TPAY publishes white paper on rising mobile payment fraud risks, projecting $91B losses by 2028.
TPAY, a top payment provider in META region, published a white paper on mobile payment fraud risks & challenges. Fraud losses projected to rise from $38B in 2023 to $91B by 2028, with account takeover, friendly fraud, identity theft, and e-gift card fraud being common types. The paper emphasizes the need for merchants, payment solution providers, and financial institutions to deploy advanced fraud prevention technologies, adhere to international regulations, and ensure a smooth user experience.
July 18, 2024
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