TNPSC Thervupettagam

Fraud & Risk Management in Digital Payments report

September 6 , 2020 1464 days 787 0
  • It has been jointly developed by the National Association of Software and Service Companies (NASSCOM)’s Data Security Council of India (DSCI) and PayPal Payments Pvt. Ltd. (PayPal).
  • The report gives a glimpse of growth of frauds and payment scams.

Key Findings

  • The E-commerce market is expected to grow from USD 50 billion (in 2018) to USD 200 billion by 2026.
  • It is expected that the internet user base will grow to 835 million by 2023 from 560 million in 2018.
  • As of March 31, 2019, 925 million debit and 47 million credit cards have been issued in India, 2nd to China.

 

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