Tag Archives: MOBILE MONEY FRAUD

  In response to the growing menace of mistrust and scams within the online commerce space, a new Mobile Money escrow service called Move Secure by Nsano has been launched to facilitate safe and secure transactions on Mobile Money. The service operates by “holding money in trust till both vendor …

Although Mobile Money (MoMo) has resulted in financial inclusion of the poor and unbanked in developing economies, it has also become a target for fraudsters whose activities have led to the loss of money, stealing of passwords and even deaths of vendors. A former fraudster has come out to confess …