India Sees Rise in Merchant Fraud Targeting Businesses, Experts Advise Protection Measures

Merchant fraud in India is escalating, particularly impacting small and medium businesses as digital payment scams rise alongside UPI transactions. Fraudulent activities can cause financial losses, disrupt operations, and damage customer trust. Businesses are advised to verify transactions directly through official channels, establish clear refund policies, and implement robust identity verification processes. Payment platforms are also urged to enhance merchant onboarding with physical and owner verification to combat evolving fraud tactics.