mobile fraud
Nigerian Fintech PalmPay Wants to Increase Payment Security Awareness
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South Africa is Facing a “Massive” Mobile Fraud Problem, says Expert
Anti-fraud firm, Evina has determined that one out of every three mobile subscription attempts in South Africa is fraudulent. The company believes that South African cellular users are very often subscribed to mobile services without their consent. After Kenya, South Africa is the African country most affected by fraud that daily fleeces millions from the mobile accounts of cellular users around the globe. “As Africa’s most advanced economy, it is particularly tragic that South African mobile users are falling victim to subscription frauds that are well managed in many other countries,” says David Lotfi, CEO of Evina. This at a time when locals are under significant financial pressure following the worst of the COVID-19 pandemic. Fraud is not treated seriously enough by the various mobile ...
