MAM
Online shopping scam victims down to 74%: Report
Mumbai: The number of online scams and frauds drastically increased during the Covid-19 pandemic. However, a recent report revealed that the percentage of online shopping scam victims has come down to 74 per cent globally compared to 78 per cent in 2020.
Online retailers came across various fraud schemes in 2021. Among all the fraud schemes, “friendly fraud” scheme was by far the most prevalent. According to Banklesstimes.com analysis, the emergence of e-commerce during the pandemic increased the possibility of fraudulent activities. “About three-quarters of online traders globally have reported a net increase in fraud attempts since 2019,” said the report.
In a statement, Banlesstimes.com’s Jonathan Merry said, “The number of victims is reducing. The restoration of normalcy after Covid-19 might be a factor. Now, retailers are also cautious, thus making it difficult for fraudsters to pull off their scams.”
According to the data, the highest number of online fraud activities were recorded in Latin America and Asia-Pacific regions.
Because of the presence of online fraudsters, the need for online retailers to manage these attacks has never been greater. So far, more than nine out of ten businesses believe that combating E-commerce fraud is essential to their success.
MAM
Hinduja Leyland Finance partners with Honda Motorcycle & Scooter India
NBFC and two-wheeler giant team up to make financing smoother across India.
MUMBAI: Hinduja Leyland Finance has just revved up a promising partnership because when wheels meet wallets, even the potholes start smiling. Hinduja Leyland Finance Ltd (HLF), a leading vehicle financing NBFC under the Hinduja Group, has entered into a strategic collaboration with Honda Motorcycle & Scooter India (HMSI). The partnership will offer customised financing solutions across Honda’s range of motorcycles and scooters, aiming to deliver a seamless purchase experience with transparent, swift and flexible loan options.
With its strong presence in both urban and rural markets and an extensive branch network, HLF brings deep expertise in two-wheeler financing and customer-centric solutions. The tie-up is expected to enhance accessibility to mobility, particularly in high-growth and emerging markets.
Hinduja Leyland Finance MD & CEO Sachin Pillai said, “This MoU marks a significant step in strengthening our market presence and expanding our reach across key markets. We expect this collaboration will play an important role in driving responsible growth and supporting the evolving mobility needs across the country.”
Honda Motorcycle & Scooter India director of sales and marketing Mutsuo Usui added, “This partnership reflects our focus on improving access to mobility by making financing simpler and more inclusive.”
The collaboration underscores both organisations’ commitment to accelerating two-wheeler penetration in India while delivering enhanced value and convenience to customers.
In the world of two-wheelers, where every journey begins with a dream and a down payment, Hinduja Leyland Finance and Honda have just made sure the road to ownership feels a little less bumpy and a lot more exciting.
