Tag: M-Pesa
Does Anyone Care about Mobile Money Fraud?
Mobile money fraud persists despite warnings. Telcos prioritize profits over prevention, leaving vulnerable users unprotected. Stricter regulations and accountability are overdue.
10 Arrested In Kenya’s Capital of Mobile Money SIM Swap Crime
Police found exercise books full of phone numbers and limits for taking out mobile money loans in the names of victims.
Rethinking Digital Financial Services
An interview with Kevin Mutiso, Chairman of the Digital Financial Services Association of Kenya.
Digital Lenders Using Mobile Apps to Invade Privacy and Humiliate Customers
Money lenders extract data about each customer's contacts, then spam the contacts if debts are not repaid on time.
Kenyans Borrow $5bn a Year via Mobile Money Overdrafts
The financial accounts of Safaricom state that lending through their Fuliza microlending service rose 40 percent year-on-year.
Regulating Telcos Like Banks, Ghost Accounts, SIM Swaps and Bananas: Episode 5 of The Commsrisk Show
The theme of our April 12 broadcast was the risk and regulatory implications of telcos providing financial services.
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.
How Safaricom Tackles Mobile Money Fraud
Patrick Kinoti, Head of Fraud at Safaricom, covers multiple aspects of their strategy for protecting M-PESA customers during a short but effective video.
The Continuing Story of Mobile Money
Mobile money has rapidly grown in popularity, especially in Africa. Nevertheless, there is a much more to come.
Safaricom Mobile Money: Break Walls, Build Bridges
The Kenyan telco has granted developers access to an API for their M-PESA payments platform.
Safaricom and Neural Win Award for M-Pesa AML
Safaricom's improved AML monitoring has shut down criminal rings and passed details of suspects to the police.
Safaricom Sued over Bitcoins and AML
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.
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The Commsrisk Global Fraud Dashboard
Our Global Fraud Dashboard uses AI-powered search to collate, update and visualize data about scams and other network abuses from around the world. New charts are added each month. See it here.
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