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Receive press releases from GmbH & Co. KG: By Email RSS Feeds:’s New Report: Double-Digit Growth Rates Predicted for Online Payment Fraud Losses Worldwide

Germany-based desk research specialist has released a new market report covering the top trends in digital payment fraud and security. The publication, titled “Fraud & Security in Global Online Payments 2019” contains a projection that due to a strong double-digit growth, online payment fraud losses are expected to increase two-fold by 2023.

Hamburg, Germany, August 08, 2019 --( The rising costs of online payment fraud

The level of online payment fraud is on the rise worldwide, as more consumers turn to digital shopping channels to make their purchases. According to a projection referenced in the report, the global losses from online payment fraud, covering E-Commerce, digital travel and online banking transactions, could double between 2018 and 2023.

Mobile biometrics to help mitigate fraud in E-Commerce
Payment security is a top factor that shoppers pay attention to when buying online, according to recent surveys cited by Furthermore, fear of fraud is one of the top reasons why many Internet users in regions such as the Middle East & Africa prefer not to shop online. E-Commerce sellers, payment providers and financial institutions are thus forced to invest in the newest technologies to mitigate the risk of fraud and attract more online buyers. Mobile biometrics is among the most trending technologies that financial fraud professionals deem most effective in combating online payment fraud.

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Press Contact: GmbH & Co. KG
Behringstrasse 28a, D-22765 Hamburg
Phone: +49 (0)40 - 39 90 68 50
Fax: +49 (0)40 - 39 90 68 51

Founded in 2005 and headquartered in Hamburg, Germany, is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.
Contact Information GmbH & Co. KG
Yücel Yelken
+49 (0)40 39 90 68 50

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