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.
Mobile Games Used to Steal Cryptocurrency
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.
Billion-Dollar Lawsuit Claims Safaricom Should Be Regulated as a Bank
Critics say the Kenyan mobile money pioneer uses customer funds to cover overdrafts. These overdrafts also attract SIM swap fraudsters.
Asia Is Racing Ahead with Digital Currencies (and Digital Risk Management Too)
Laos is copying Cambodia by turning cash into data. Indians will soon spend their Central Bank Digital Currency (CBDC) in retail stores.
Using Mobile Money to Issue and Repay Loans
Ugandan fintech business Numida says that 99 percent of their loans are made using mobile money.
Will Blockchain Turn Mobile Money into a Pan-African Payment System?
An African mobile money interoperability firm will partner with providers of cryptocurrency tech for low-cost international transfers.
How Telcos Could Lose Billions from Ultrafast Transactions
James Zhong stole USD3.3bn in cryptocurrency by executing many rapid withdrawals from online accounts.
PayPal Says Plan to Fine Customers for Exercising Free Speech Was an ‘Error’
PayPal wrote a policy allowing them to take USD2,500 from the accounts of customers deemed guilty of ‘promoting misinformation’.
GVG Wants Africans to Have a Digital Identity So It Is Easier to Tax Them
Siphoning money from stealth taxes on voice is only an intermediary stage in the business plan for Global Voice Group (GVG).
Welcome U-Turn Sees 43% Cut to Tanzania’s Mobile Money Tax
Other governments should also seek to learn from Tanzanian policies that backfired.