Visa’s Stay Secure study reveals that 97% of Saudi consumers are now taking precautions against digital payment scams, reflecting heightened security awareness. Despite 43% having experienced scams, more trust in digital transactions is apparent, with various measures being adopted for fraud prevention.
Visa’s recent Stay Secure study indicates a growing consumer awareness of security in digital payments in Saudi Arabia. Surveying 5,800 adults across the CEMEA region, it revealed that 97% of KSA consumers now adopt security measures for online transactions. The overall consumer savviness is enhancing as digital payment usage increases, showcasing a significant shift in attitudes towards fraud prevention since the last study in 2023.
The findings of the Visa Stay Secure study illustrate the enhanced security vigilance among Saudi consumers engaging in digital payments. With a notable percentage of consumers taking protective measures, trust in digital payment methods has risen significantly. Continuous education and collaboration among stakeholders are critical to further mitigate fraud risks as digital payment systems evolve.
Original Source: techafricanews.com
