3 min read.Updated: 04 Aug 2022, 06:21 PM ISTLivemint
Frauds with ban accounts highest with 29% citizens experiencing it
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Even as digital payments continue to gain prominence in India, with most Indians resorting to Gpay, Phonepe and other apps, the financial fraud encountered has also risen. A survey conducted by private firms LocalCircles, has shown that 42% of Indians surveyed experienced financial fraud in the last 3 years, and 74% of those who experienced it failed to get the money back.
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