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Paytm Mall Says Up To Rs 10-Crore Cashback Fraud Detected
Tool developed in partnership with EY detected fraud, says Paytm Mall Forrester Research says Paytm Mall market share almost halved in 2018 E-commerce platform posted Rs 1,800 crore loss in financial year 2017-18
15 May 2019, 08:30 AM IST 
Paytm Mall has so far raised over $650 million from Alibaba, SoftBank and SAIF Partners
Paytm Mall on Tuesday said it has been hit by a cashback fraud which could be in the range of Rs 5-10 crore. The fraud was detected through a tool that the company developed in partnership with global professional services firm EY (formerly Ernst and Young), said a Paytm Mall spokesperson.
