Voucher fraud is a growing issue across the world, leading to financial losses for businesses and damaging consumer trust. Counterfeit vouchers can be exploited for unauthorised discounts, disrupting promotional campaigns and causing significant revenue loss.
In the UK, the Office for National Statistics reported a 17% increase in fraud offences, totalling 936,276 cases in the year ending March 2022. Although these figures include various types of payment fraud, they underscore the broader challenges in securing payment instruments, including vouchers.
From retail gift cards to discount coupons, the risk of voucher counterfeiting highlights the urgent need for robust anti-counterfeit measures to safeguard brands, consumers, and supply chains from fraud.
Counterfeit vouchers present multiple challenges for businesses:
At Quantum Base, we understand the critical importance of voucher authenticity. Our Q-ID® solution provides an unbreakable anti-counterfeit system to protect your business, customers, and brand reputation.
Our advanced Q-ID® solution utilises quantum technology to provide unmatched security in voucher authentication, ensuring you stay ahead of counterfeiters.
If you’d like to learn more about our Q-ID® solution and how it can protect your vouchers from counterfeiting, get in touch with us today.