Archive · 26 May 2025
Payment Aggregators Shift Focus to Anti-Fraud Tech
Imagine companies that help you pay online.
They're like the gatekeepers of money!
Now, these companies are building special software to stop bad guys from stealing your money.
They do this because more and more people use online payments, which unfortunately, means more chances for fraud.
These companies are now offering their fraud-fighting tools to banks and other businesses, so that everybody's money stays safe.
It’s like giving banks a superhero tool to catch the bad guys and keep everyone happy!
Payment aggregators are developing fraud detection platforms.
They are offering these tools to banks and fintech companies.
Revenue generation in core payments has become challenging.
Focus is shifting towards value-added services like fraud detection.
The rise of digital payments has led to an increase in fraud cases.
- Who
- Online payment aggregators like PayU, Razorpay and PhonePe
- What
- Focusing on anti-fraud technology to increase revenue and protect customers.
- When
- Ongoing
- Where
- India
- Why
- Due to increased competition and government regulations in the payments sector, along with rising fraud.
- UPI Transactions (April)
- 11 billion
- Card Transactions (April)
- 600 million
- Banks live on UPI
- 668
- Payment Aggregators Mentioned
- PayU, Razorpay, PhonePe
- PayU Acquisition
- Wibmo (2019)