Plus, will Alipay ever have a western rival?

Fintech for good needs careful handling


This article is an on-site version of our The Future of Money newsletter. Sign up here to get the newsletter sent straight to your inbox every Monday

Hello readers, and welcome to another issue of the Future of Money.
Scams and fraud are perennial topics, but the cost of living crisis has worsened their impact. Not only does every penny count more than ever, but hard times increase the appeal of becoming a money mule — routing stolen cash through an account in return for a small cut.

This story originally appeared on: Financial Times - Author:Siddharth Venkataramakrishnan