A LEADING global analytics software firm recently unveiled its latest global consumer fraud research, shedding light on Filipinos' ongoing apprehension regarding real-time payment scams amid the growing adoption of new, convenient, fast payment channels.According to the study, the primary worry for Filipinos remains the risk of being tricked into sending money to criminals , which exposes individuals to instant, irrevocable losses rarely eligible for reimbursement.
'Banks now face a crucial moment to invest in cutting-edge solutions to tackle the surge in scams, particularly with the swift uptake of real-time payments in the Asia-Pacific financial landscape,' said Leo. 'The irrevocable nature of these transactions has led to new criminal threats.
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