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World Bank cautions Indians against fraudulent credit, debit cards

newsedgechd by newsedgechd
November 7, 2020
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WASHINGTON, April 17, 2020 (Xinhua) -- Photo taken on April 17, 2020 shows the World Bank headquarters in Washington D.C., the United States. The World Bank Group (WBG) is expected to launch health emergency programs in over 100 countries by the end of April to support the fight against COVID-19, with 64 already in operation, President David Malpass said Friday. (Photo by Ting Shen/Xinhua/IANS)

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World Bank cautions Indians against fraudulent credit, debit cards

If there weren’t enough financial crimes and frauds, credit and debit cards in the name of the World Bank are being issued in India.

In a statement, the World Bank said: “The World Bank’s attention has been drawn to fraudulent issuance of debit/credit cards in India, carrying its name and logo.”

“The World Bank Group does not issue debit/credit cards. The Bank Group has no involvement with individuals/groups who have issued these fake cards, and would like to caution the public to be wary of such fraudulent practices,” the statement said.

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