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.
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.