Has M-PESA Led to Half of All Kenyans Suffering SIM Swap Fraud?
No, but it is important to examine the prejudices that lead crime statistics to be amplified and exaggerated.
No, but it is important to examine the prejudices that lead crime statistics to be amplified and exaggerated.
Victims are enticed by rewards that increase as they add more funds to their cryptocurrency wallet. But when they stop playing, both the rewards and the cryptocurrency disappears.
Critics say the Kenyan mobile money pioneer uses customer funds to cover overdrafts. These overdrafts also attract SIM swap fraudsters.
Laos is copying Cambodia by turning cash into data. Indians will soon spend their Central Bank Digital Currency (CBDC) in retail stores.
Ugandan fintech business Numida says that 99 percent of their loans are made using mobile money.
An African mobile money interoperability firm will partner with providers of cryptocurrency tech for low-cost international transfers.
James Zhong stole USD3.3bn in cryptocurrency by executing many rapid withdrawals from online accounts.
PayPal wrote a policy allowing them to take USD2,500 from the accounts of customers deemed guilty of ‘promoting misinformation’.
Siphoning money from stealth taxes on voice is only an intermediary stage in the business plan for Global Voice Group (GVG).
Other governments should also seek to learn from Tanzanian policies that backfired.