The Director of Ghana’s Cyber Crime Unit says fraudsters have attempted to defraud half of the country’s mobile money users.
The South African telco will authenticate postpaid subscribers by deploying fingerprint technology in all of their stores.
Trying to delay the adoption of a new technology like Bitcoin will not stop it, and may slow the management of its risks.
It makes sense for India’s authorities to invest in tackling cybercrime as part of the transition to a cashless society.
Africans will benefit by easily and cheaply moving money. Telco assurance teams must cooperate to mitigate the risks.
The Kenyan telco has granted developers access to an API for their M-PESA payments platform.
The crime depended on a telco employee changing the PIN codes for SIMs used by mobile money merchants.
The EMV chip-and-PIN standard for payment cards is popular elsewhere, but problems with terminals may prompt US customers to try mobile payments instead.
A legal dispute over money laundering and cryptocurrencies shows how ‘developing’ countries like Kenya are leaders when it comes to emerging tech and legal challenges.
Whilst mobile money is an important offering for the unbanked and underbanked, it can also be popular in countries that have more established banking infrastructure.