How a chargeback shockwave caused a fintech nightmare

How a chargeback shockwave caused a fintech nightmare

#business
#fintech
#financial services
#cyber security
In 2022, chargeback and other kinds of fraud disrupted and nearly collapsed a substantial portion of Africa’s cross-border payments infrastructure. Millions of users could no longer pay for the world-class products and services they were used to. Today’s issue shows you exactly what happened: the not-so-out-there Zambian startup powering most of Africa’s virtual USD cards, how the industry operates, and why it may happen again.

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