The murky world of India’s fintech scams
![The murky world of India’s fintech scams](/content/images/size/w1460/2021/08/fintech_1584976084751_1584976085135.webp)
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?
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