TPAY publishes a white paper on Preventing Fraud in Mobile Payments
2024年7月18日 - 4:00PM
TPAY, the leading payments provider in the Middle East, Africa, and
Turkey (META), has published a comprehensive white paper analyzing
the dangers, obstacles, and hazards posed by fraudsters in mobile
payments. The paper also outlines effective methods to mitigate
these risks. Combating fraud is crucial for business success, as it
enables safe digital monetization and fosters a sustainable mobile
ecosystem.
According to Juniper Research, the foremost experts in payment
markets, merchants lost approximately 38 billion USD to online
fraud in 2023 alone. This figure is projected to rise to 91 billion
USD by 2028.
The most common types of online payment fraud affecting
merchants in 2024 will include account takeover, friendly
fraud/chargeback abuse, identity theft, and e-gift card fraud,
among others.
Merchants, payment solution providers, and financial
institutions must deploy effective fraud prevention technologies to
tackle various types of fraud, comply with international
regulations, and ensure a smooth user experience. However, the
effectiveness of these technologies depends on the quality and
completeness of the data used.
These are just a few of the many topics and points covered in
our white paper, which you can download for free: Keeping Fraud
Awat from Mobile Payments
About TPAY
We serve as the connector, bringing the unconnected into the
digital world.
We aim to connect the entire Middle East, Turkey, and Africa,
and make the digital world accessible to all by being the most
reliable facilitator for digital micropayments in the region.
Our offerings
- A full service, end-to-end solution connects digital service
providers to potential of millions of users.
- Simple but transformative technology allows merchants and
telecom operators to access and accept payments from consumers in
more than 30 countries.
- Reliable facilitator eliminates the complexity by simplifying
and handling the legal, financial including the cross-border
settlements, and operational processes so our partners can focus on
growing further in META with additional revenue channels.
The world’s tech brands: Google, Huawei, MBC, Tencent, Anghami,
beIN, and others trust TPAY.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/41d46d90-eddb-40db-ba83-404528020c4e
For media enquiries: Safaa.elbanna@tpaymobile.com