January 24, 2024
Glow Tackles Global Phone Fraud: Near-Zero Loss Rates and 75% Accept Rates Redefine Device Financing
Phone Fraud: Globally operators are experiencing significantly elevated fraud from professional fraud rings targeting 0% APR loan programs. Operators are seeing 2-15% fraud rates in Europe and North America. It is costing often hundreds of millions of Dollars/Pounds/Euros per year. And local police simply do not care.In contrast Glow's average loan program fraud rates are 3 basis points. Effectively zero. And yet we do this while securing over 75% accept rates. This is the holy grail of device financing. If your operator is seeing elevated fraud, contact us and using our proprietary tech, we can fix this issue rapidly- as we are doing for multiple operators today.
