Digital payment-related frauds not alarming

Digital payment fraud data revealed in Parliament this year is "not alarming" and should not be conflated with other types of banking fraud that do not affect the public, a person informed about the finance ministry's record of such cases said on Monday, after an opposition party's social media post.

- Gireesh Chandra Prasad & Subhash Narayan

This person cited above said the number of digital payment-related frauds reported in the last 10 years and the amounts involved are not alarming and mixing it up with other types of banking frauds, where public is not the victim, will paint a wrong picture of the safety of the digital payment ecosystem.