BioCatch flags a shift to higher-value mobile and SMS payment fraud in India
Attempted fraudulent payment value rose 35% even as fraud sessions fell 12%, according to BioCatch. Mobile fraud sessions climbed 67% and text-message scams surged 146%, underscoring rising risk for retailers and payment partners as fraud moves to faster, higher-value attacks.
BioCatch says Indian digital-payment fraud is shifting toward faster, higher-value mobile and text-message scams, fuelled by money mule networks. Authorities are using AI-led coordination among banks, regulators and law enforcement to identify suspicious accounts and block fraudulent transfers.
Why this matters
The signal builds on BioCatch’s recent alert that text-message scams targeting Indian digital payments rose 146%, adding evidence that fraud is shifting to mobile channels and higher-value payment attempts.
Omni-channel remains steady, with 1,673 signals recorded over the past 90 days.