The GSMA calls this ‘best practice’, but their advice is thin.
It was also reported that some Ghanian mobile money operators have a lax control environment from top to bottom.
Banks and other businesses can safeguard against account takeover fraud by checking if a customer’s SIM has recently been replaced.
Criminals took control of 900 accounts for a new payments app from the Japanese operators of 7-Eleven convenience stores.
The prospectus for the Airtel Africa listing on the London Stock Exchange revealed large internal frauds in Kenya and Niger.
The partnership will use the telco’s data to better protect customers from banking frauds.
There are ways to improve the security surrounding of cryptocurrency, but legislators cannot fathom them.
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.