A centralised repository allows payment aggregators to share data on high-risk entities across the digital payments ecosystem. The major couple of things that a repository enables is faster detection and mitigation of risks.
Aggregators can analyse data collectively to identify repeat offenders attempting fraud across multiple platforms. This approach strengthens fraud prevention, reduces financial losses for businesses and protects user funds. Plus, a centralised repository encourages better balance between payment platforms. Eventually, this creates a unified defence against emerging threats.
