APP (Authorised Push Payment) scams present a significant challenge that spans the financial services industry as well as many other sectors, including social media and telecommunications. In 2022 alone, APP fraud losses in the UK reached £485.2m.
Visa is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.