Trends
Scalapay partners with Trustfull to prevent fraud in BNPL
What happened: Scalapay secures BNPL with new fraud prevention partnership Scalapay, a Milan-based buy now, pay later (BNPL) provider, has joined forces with Trustfull, an identity intelligence platform, to address fraud risks in the growing European BNPL market. This collaboration aims to enhance s…
Headline
What happened: Scalapay secures BNPL with new fraud prevention partnership Scalapay, a Milan-based buy now, pay later (BNPL) provider, has joined forces with Trustfull, an identity intelligence platform, to address fraud risks in the growing European BNPL market. This…
Context
Scalapay, a Milan-based buy now, pay later (BNPL) provider, has joined forces with Trustfull, an identity intelligence platform, to address fraud risks in the growing European BNPL market. This collaboration aims to enhance security measures across Scalapay’s payment network while maintaining its promise of flexible and interest-free instalments for customers. Also read: Tyro launches embedded payments to simplify transactions Also read: What is network architecture?
Evidence
Pending intelligence enrichment.
Analysis
Scalapay, which launched in 2019, offers a seamless shopping experience through interest-free instalments, making purchases more accessible for millions across Europe. The company’s latest move to bolster fraud prevention comes at a time when the BNPL market in Europe, valued at $147.6 million in 2023, is forecasted to nearly double to $272.5 million by 2029. Trustfull brings to the table a sophisticated analytics platform that evaluates digital signals such as email addresses, phone numbers, and IP data. This enables Scalapay to detect fraudulent activity in real time, particularly synthetic identity fraud, where false credentials are used to bypass verification. By integrating these tools, Scalapay ensures safer transactions for its extensive merchant network and end users alike. The partnership reflects an ongoing need to secure digital transactions as the BNPL industry continues to expand rapidly. With consumer adoption growing, so do risks associated with fraud, and companies like Scalapay are under pressure to safeguard their platforms without compromising user convenience. Fraud prevention is crucial in retaining consumer trust, especially in a sector driven by affordability and accessibility. By leveraging Trustfull’s technology, Scalapay not only mitigates the risks of payment defaults but also reinforces its position as a reliable player in the European financial landscape.
Key Points
- Scalapay collaborates with Trustfull to enhance fraud prevention across Europe’s growing BNPL market.
- Trustfull’s identity intelligence platform detects synthetic fraud, ensuring secure transactions for merchants and customers.
Actions
Pending intelligence enrichment.
