Predictions 2019: South Africa’s Shift to a Cashless Environment Will Impact Payment Fraud Defences

Just over a year ago, I wrote on the FICO Blog that “2018 will be the beginning of the end for physical credit cards. However, their functionality will become even more omnipresent in our lives as more cards migrate to consumers’ mobile phones.” In fact, that prediction came true. After some initial hesitance, it’s been interesting to note that more and more South Africans are going digital and adopting mobile payments. The shift to a cashless environment has been largely pushed by the introduction of app-based payment services such as…

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