Triggered by the growing use of digital wallets, the total cost of e-commerce fraud to merchants is likely to exceed $48 billion globally in 2023, from just over $41 billion in 2022, a report showed on Wednesday.
ICICI Bank’s existing customers, who are active on Swiggy can instantly start using the wallet.
The Libra project, a new payment system which is built on blockchain technology, has faced regulatory challenges in the past for perceived threat to monetary sovereignty and other issues.
Currently, users based in Delhi-NCR region can withdraw Rs 1,000 per day from the merchant and the service can be availed for free of cost.
