NTT Data Payment Service About Fintech Evolution At ETPodcast [The Morning Brief]
Added: (Mon Nov 06 2023)
Pressbox (Press Release) -
The rise of digital payments has revolutionised transactions, with volumes dramatically increasing each year. But this digital boom has also enabled payment fraud to proliferate. According to the Reserve Bank of India, the amount lost to digital payment fraud rose from ₹55.28 crore in 2020-21 to ₹82.76 crore in 2021-22. Phishing accounted for 40% of reported cases.
The recent ₹25 crore fraud attack on payment gateway Safexpay highlights the growing risks. So, are digital payments actually making our lives easier if fraud is rampant?
Join host Anupriya Nair on The Morning Brief podcast as she examines this issue. She speaks with fintech expert Pratik Bhakta and guests Rahul Jain, CFO at NTT DATA Payment Services, and Bharat Panchal, Chief Regulatory Officer at Discover Financial Services.
Together, they analyse the fraud risks, current regulations, safety measures, and future outlook for digital payments. Tune in for insights on how consumers and companies can securely leverage the benefits of digital transactions amidst the rising threat of payment fraud.
Listen to the full podcast on “digital frauds and securing online payments” with Rahul Jain, CFO of NTT DATA Payment Services & other financial experts.