New study says that e-commerce companies could lose 48 billion dollars globally to online payment frauds next year. Bad actors could take over existing BNPL accounts belonging to legitimate customers and make a slew of purchases before the legitimate owner figures out something is wrong. In most cases, BNPL providers may have to take the hit themselves. This affects their financial position.
In today's episode for 18th October 2022, we discuss how frauds within the ecosystem could derail the e-commerce growth story in India.