Rising Merchant Fraud in India Prompts Calls for Stronger Verification and Safeguards

Merchant fraud in India has surged alongside rising digital payments, especially affecting small and medium businesses. Common scams include UPI QR code fraud, fake orders, and chargebacks, leading to financial losses and operational challenges. Experts advise merchants to verify transactions through official channels, implement strong refund policies, and use robust identity verification methods. Enhanced onboarding and cautious handling of payment requests can help mitigate risks in online and offline marketplaces.