President Museveni said the 1 percent tax on mobile money withdrawals was a known ‘error’, but approved that law anyway. Now his government has cut the tax to 0.5 percent.
CGTN interviewed Commsrisk authors Joseph Nderitu and Rob Chapman about mobile money fraud and what telcos are doing to prevent and detect it.
Zimbabwe has raised taxes on mobile money and electronic transactions. There are better ways to stimulate a developing economy.
The new index will measure the regulatory environment in each country by assessing it against six categories including consumer protection and know your customer requirements.
Kenyan President Uhuru Kenyatta wants a 67 percent increase of taxes on mobile money transactions.
The results following Tanzania’s adoption of interoperability standards for mobile money show why risk managers should assist positive change worldwide.
Mobile phones are a magnet for digital criminals. Telcos like Safaricom are showing how they strive to protect customers.
Uganda’s regulator will investigate MTN to see what more can be done about customers sending mobile money to the wrong numbers.
Telkom Kenya’s new T-kash mobile money service shows how some telcos have failed to learn from the experiences of others.
Ghana’s Minister of Communication stated that regulatory monitoring was needed to protect customers from crime and also to identify the finance of terrorism.