*2: Juniper Research “Online Payment Fraud: Market Forecasts, Emerging Threats & Segment Analysis 2023-2028” (Monday, June 26, 2023)
*3: Calculated as 1 dollar = 142.68 yen (As of September 30, 2024)
*4: Japan Finance Corporation, “Status of Cross-border EC in Various Countries” (November 2022)
Comments from Both Companies
From Mulai Pte. Ltd. CEO, Tommy Hartono
We provide a marketplace platform for fintech companies and financial institutions to help combat financial crime, and we are contributing to its prevention through multiple partnerships across Southeast Asia. By collaborating with Cacco, we aim to enhance fraud prevention measures in the region’s rapidly growing e-commerce market and strengthen security improvements throughout Southeast Asia. Specifically, we believe that by integrating our screening database and eKYC (electronic Know Your Customer) solutions with Cacco’s fraud detection technology, we can make a significant impact in reducing online fraud and unauthorized transactions.
From Cacco Inc. Representative Director, President Hiroyuki Iwai
Since 2021, our company has provided support for fraud prevention efforts for over 110,000 sites. We are taking this opportunity to begin collaborating with Mulai to launch full-scale efforts to further combat fraud in the growing Southeast Asian market. We aim to provide services that match the needs of the Southeast Asian market, starting with contributions towards the prevention of online fraud such as credit card misuse.
