The Ghana Chamber of Telecommunications has begun the rollout of a mobile money transaction securitization that will block mobile money fraudsters across all telecommunications platforms.
This was revealed by the Chief Executive of MTN Ghana, Selorm Adadevoh, at a media engagement on Friday.
“So we have come together as a Chamber to say ‘how do we intensify or increase the barriers to fraud?’ And blocking the device across all networks is for us one step to achieve that. This is one of the activities we are currently focused on, and we have implemented it through the chamber,” he said.
Mobile money fraudsters, according to the MTN boss will now have their numbers and device blocked across all networks.
Statistics from the cybercrime unit of the Ghana Police Service showed over 300 reported cases in 2019.
Telcos, especially industry leader, MTN, Ghana, has been responding – introducing the requirement of identity as a pre-condition for a customer to withdraw money from a mobile money wallet.
All mobile money agents will have to select the ID type and enter the ID card number presented by the customer before completing the transaction.