Reportedly with increasing number of online frauds being reported, a handful of internet companies in india have approached the Reserve Bank of india and State Bank of india to do their bit in eliminating the fraudsters and the seven firms include MakeMyTrip, Swiggy, OYO, Zomato and Paytm.
Furthermore these companies have been able to submit to RBI the details of 4,000 SIM card numbers and around 400 bank account numbers to the banks so that action can be initiated. Perhaps top telecom companies like Airtel have also been alerted on the misuse of the numbers and their network to cheat customers. Reportedly not stopping at these, the team of seven internet companies has written to internet search engine Google too.
Moreover the internet companies may have set the ball rolling but it cannot find success unless all these stakeholders, RBI, the banks, Google and the telecom companies, all work in tandem to stop the frauds. Hence customer education is another step being taken, but again, it’s a challenge to cover all members of the public and te fraudster needs only 7 out of a 100.
