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Fintech Startup 'PayWave' Disrupts E-Commerce Payments with AI Fraud Detection

Summary

PayWave, a fintech startup based in Bengaluru, launched an AI-powered fraud detection system today aimed at e-commerce platforms across India. The technology reportedly reduces pay

PayWave, a fintech startup based in Bengaluru, launched an AI-powered fraud detection system today aimed at e-commerce platforms across India. The technology reportedly reduces payment fraud by 40%, offering faster and safer transactions for over 200 merchants currently using the service. According to Bloomberg, PayWave secured $25 million in Series B funding led by global venture capital firms. The startup plans to expand its services internationally by the end of 2026, capitalizing on growing demand for secure online payments amid rising digital commerce.
Feb 15
Fintech Startup 'PayWave' Disrupts E-Commerce Payments with AI Fraud Detection

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