ParityCube, the corporate behind Zingoy, DesiDime and Cuelinks, at this time launched OpenTrust (opentrust.in), a free, community-run registry the place Indian retailers can share experiences with cell numbers linked to chargebacks, faux orders, refused cash-on-delivery orders and OTP scams, and test new clients earlier than fulfilling an order.
In India, the cell quantity has grow to be the identifier for nearly each on-line service provider, with clients signing up and logging in utilizing simply their quantity. For a scammer, that makes beginning over simple: a brand new cell quantity is sufficient to run the identical rip-off throughout 1000’s of digital platforms. The scams vary from promo abuse to cash-on-delivery refusals and, in worse circumstances, purchases made with another person’s bank card.
“Zingoy receives a whole lot of complaints yearly, as fraud is highest for digital reward playing cards and digital cash. Now we have burned our fingers a number of occasions making an attempt to combat the scammers and the system,” mentioned Mehul Jobanputra, CEO, ParityCube.
“There must be a simple method for retailers to share details about dangerous actors programmatically, and that’s how OpenTrust was born,” mentioned Jimish Jobanputra, CTO, ParityCube.
The way it works
Retailers submit solely the telephone quantity and a purpose code. No buyer names, addresses or order information are ever shared. Numbers are matched utilizing a keyed hash and saved encrypted, lookups reveal solely the final 4 digits, and reporting retailers stay nameless behind a “verified service provider” badge. A grievance course of lets anybody appropriate an entry made in error.
Each authorized service provider will get 100,000 free checks through API, with no card or gross sales name required. Developer documentation and shopper libraries can be found from day one.
OpenTrust shouldn’t be a industrial product. ParityCube constructed it as a result of fraud drains trustworthy companies and, by means of them, India’s digital financial system. When retailers warn one another, the identical dangerous actor has a tougher time transferring on to the subsequent retailer. Retailers can join at opentrust.in.
About OpenTrust
OpenTrust is a free, shared registry that helps Indian retailers flag and test cell numbers related to fraud. It’s constructed and maintained by ParityCube.
About ParityCube
Based in 2011 by Mehul Jobanputra and Jimish Jobanputra, ParityCube is a Mumbai-based efficiency advertising firm centered on affiliate internet marketing, cashback, purchasing communities and digital buyer acquisition.
Its portfolio consists of DesiDime, Zingoy, Cuelinks and LetsEarn, serving customers, publishers, influencers and types throughout a number of verticals.
Right now, ParityCube experiences 50 lakh+ registered customers, 500+ model companions, 250M+ affiliate clicks and ₹1B+ in GMV, with 70+ workers and a broader attain of 20M+ customers.
Media contact
Parity Dice Pvt. Ltd.
E-mail: admin@paritycube.com
Cellphone: +91 989 294 4089
Location: Mumbai, Maharashtra
