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You Searched For "Payment fraud" and got 20 results


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2 mins read

Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe

Increased usage of the internet has also resulted in an increase in online fraud. Scammers are find…

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2 mins read

Data privacy issues, online frauds emerging as e-commerce growth hurdles: Eco Survey

The e-commerce industry in India is expected to cross USD 350 billion by 2030 and called for the ne…

PTI   


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2 mins read

Mumbai woman loses Rs 6 lakh to cyber fraud while trying to save Rs 5,000 — here’s how to avoid such scams

What started as a simple attempt to withdraw Rs 5,000 from an ATM ended with her losing Rs 6 lakh t…

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1 min read

Navi Mumbai job aspirants robbed of Rs 1.31 crore on pretext of Indian Railways job, 6 accused booked

In Navi Mumbai, six individuals allegedly scammed 20 job seekers of Rs 1.31 crore by promising cler…

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4 mins read

RBI announces digital payments intelligence platform to check online frauds

In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …

ANI   


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2 mins read

UPI Lite wallet limit and transaction limits for feature phone users increased

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to ₹5,000 and per…

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2 mins read

Fast cross-border payments to make it difficult to check money laundering, terror funding: Fed official

The US Fed official overseeing payment systems said slowing down the speed at which payments are cl…

PTI   


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Women are more likely to adopt digital financial services when introduced by local agents or women community influencers

Nalin Bansal, Chief Relationship Management and Key Initiatives, NPCI, said "While we've achieved s…

ANI   


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2 mins read

Removed Angel Tax, taking policy measures to promote fintech sector: PM Modi

Lauding the fintechs for democratising financial services, Modi said the sector, which has attracte…

PTI   


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3 mins read

India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report

Several enabling forces have come together to energise this revolution. Although internet penetrati…

PTI   


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4 mins read

India to see retail digital payments to double to USD 7 tn by 2030: Report

Millennials and Gen X are leading in the adoption of all types of digital payment instruments.

PTI   


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3 mins read

Feds accuse famed short-seller Andrew Left of fraud and market manipulation

The DOJ alleges that Left made at least $16 million by knowingly exploiting his ability to move sto…

Jennifer Sor   


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2 mins read

Retired director of MNC loses ₹25 crore to cyber fraudsters who posed as cops, CBI officers

According to them, the victim sold her and her mother's shares and mutual fund investments and e…

PTI   


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2 mins read

Woman loses ₹54 lakh in work-from-home scam! Here's what it is and how to protect yourself

Job hunting is something that most of us do online, be it on social media or various online job por…

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2 mins read

USSD-based call forwarding to be suspended soon to curb fraud

Online fraud has been on the rise in the country, with several instances of fraud resulting from ca…

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3 mins read

Consumers reported losing $210 million to scams across payment apps last year. A new bill wants to help future victims get their money back.

Consumers defrauded while using Zelle or other peer-to-peer payment apps might have increased reimb…

John Towfighi   


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4 mins read

A scammer conned us out of our $32,430 down payment by email. We didn't realize it until 10 days later.

Daniel Pietschnig and Jessica Madalena unknowingly wired their down payment for a house to a frauds…

Alcynna Lloyd   


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3 mins read

At Trump's NY fraud trial, a rep for 'victim' Deutsche Bank wouldn't use the F-word for fraud

A representative for Deutsche Bank, which NY officials say Trump defrauded, acted nothing like a vi…

Laura Italiano   


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4 mins read

Quishing on the rise – Be alert while scanning payment QR codes

Digital payments have grown by leaps and bounds in India over the past few years, with unified paym…

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2 mins read

UPI in 2024 – Five rule changes that you need to know

The year 2024 has begun and with this, there have been some changes in the financial sector. Unifie…