Author: Farrukh Ali Baig

Digital Fraud in Pakistan is rising rapidly as mobile banking usage and digital wallet transactions surge across the country. The State Bank of Pakistan now requires real-time transaction alerts and stronger security controls for digital banking platforms. Fraud complaints and compensation payouts are increasing, exposing weaknesses in banks’ internal controls and fraud monitoring systems. Experts say banks must adopt AI-driven, real-time fraud detection to better protect customers and sustain trust in Pakistan’s expanding digital economy. Digital fraud in Pakistan is piling up in the same places where digital transformation is happening to adopt cashless societies,  financial institutions are scaled for…