Accelerating the Shift to a Cashless Society

Consumers worldwide made a hard pivot to both online banking and shopping because of the COVID-19 pandemic. And all signs indicate they’re not planning to go back. Pandemic-driven lockdowns have helped to usher in a cashless era.

 

Digitization allows fraudsters to scale their operations. The Feedzai Q3 2021 Financial Crime Report – based on exclusive data from over 1.5 billion global transactions – takes a closer look at how both consumer and fraudster habits are changing. The findings include:

 

149%

Increase in P2P Payments

48%

Decrease in cash transactions

109%

Increase in online transactions

Page printed in December 5, 2024. Plase see https://www.feedzai.com/resource/financial-crime-report-q3-2021 for the latest version.