<ul><li>Singapore's government clarifies that the Shared Responsibility Framework will not apply to credit card fraud cases.</li><li>Existing robust protections for consumers are already in place, including safeguards implemented by global card schemes and card issuers.</li><li>Security measures such as the 3-D Secure protocol and real-time transaction monitoring have been strengthened to combat fraud effectively.</li><li>Existing regulations and chargeback mechanisms offer consumer protection and recourse in cases of unauthorised transactions.</li></ul>

Singapore Will Not Include Credit Card Fraud in Shared Responsibility Framework

Discover more