Digital wallet providers all around the world are experiencing incredible growth, with the number of mobile proximity payment users worldwide expected to exceed 1 billion in 2020. However, fraudsters are quick to jump on this bandwagon, causing devastating damage that could sink the ship before it has even set sail. Even tech giant Apple wasn’t spared, with Apple Pay exploited by fraudsters on several accounts and suffering damage amounting to millions of dollars.
In the past decade, SHIELD has worked with many e-wallet providers, as well as superapps, to protect their platforms from fraud. Download this insightful article, in which SHIELD CEO Justin Lie shares his personal experiences, along with 10 of the most important things he learned about launching and running digital wallets.