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96% – consumers who were victimized during last year had switched to mobile apps

Digital transactions

Digital transactions

Written By

Updated: Apr 17, 2019, 05:35 AM IST

Although Indians have embraced digital transactions, rampant social engineering and phishing email incidents have led to doubling of financial cybercrimes, reveals FIS PACE report

37% – of victims affected by financial fraud

27-37 years of age group impacted by fraud

96% – consumers who were victimized during last year had switched to mobile apps

Mobile payments rapidly gaining traction among 18-26 years age group

28% – youngsters not satisfied with their banks

35% – of older consumers are not satisfied with their banks

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