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Banks logged highest number of frauds in digital payments in FY23, says RBI

Over the last two years, the highest number of fraud cases were in loan portfolios of banks. In FY2023, the total number of fraud cases in the banking system were 13,530. Of this almost 49 per cent or 6,659 cases were in the digital payment – card/internet transactions category
Across India Fraud Monitoring Returns Central Repository Large Credits Indian Banks Digital Payment

South Africa's MultiChoice Group announces payment platform JV

South Africas MultiChoice Group, usually best-known for video entertainment provision, has announced a joint venture, along with fintech company Rapyd and investor General Catalyst, aimed at developing an integrated payment platform for Africa. The joint venture will operate as a new company, called Moment.
Africa Multichoice Group Multichoice Group South Africa General Catalyst Joint Venture General Catalyst

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