The murky world of India’s fintech scams

Wallets and UPI have taken over the Indian digital payment ecosystem. The reduction of friction in payments is driving the growth of new businesses. But it is also orchestrating fraud: thousands of Indians experience digital payment frauds every day, with sums ranging from a few thousand rupees to several lakhs. Why do the scams persist? Why are we not able to find a solution?

Read the story in Mint.