Your awareness is crucial in navigating the details of BNPL (Buy Now Pay Later) schemes. Stay informed about the occurrence of fake and intricate payment schemes often encountered while surfing social media.

An example includes stumbling upon a tempting post on social media offering unbelievable discounts on electronic gadgets through a BNPL such as “Tabby or Tamara”. Intrigued, you click on the link and unknowingly provide personal information to a fraudulent site. The fraudsters behind the scheme gain unauthorized access to your details, potentially leading to identity theft and financial losses.

Common risks include:

• Unauthorized access to personal and financial information.
• Deceptive practices leading to financial losses.
• Exposure to identity theft and fraud.
• Compromised privacy and security.

To protect yourself:

• Verify the legitimacy of BNPL offers before providing any details.
• Use secure and trusted payment channels for online transactions.

Exercise caution when encountering seemingly too-good-to-be-true BNPL schemes on social media.

For inquiries about fraud concerns, please reach out to us by calling our call center at 80022 or emailing FraudRisk@AjmanBank.ae.

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