Business News
ACI Worldwide Scamscope Projects APP Scam Losses in India to Reach INR 49,626 Million by 2028
Dec 12, 2024
Mumbai (Maharashtra) [India], December 12: Authorized push payment (APP) scam losses in India reached INR 37,309 million in 2023 and are projected to grow at a 6% compound annual growth rate (CAGR) to reach INR 49,626 million by 2028, according to the latest Scamscope report from ACI Worldwide (NASDAQ: ACIW), a pioneer in global payments technology, in partnership with GlobalData, a leading data and analytics company. The report analysed APP scams across six leading real-time payment markets globally: U.S., U.K., India, Brazil, Australia and the UAE. One in three scam victims will leave their current financial institution, underscoring the critical need for financial institutions to protect customers and maintain trust.
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