Malawi is intensifying its efforts to tackle mobile money fraud, which is threatening businesses and citizens.
The Malawi Communications Regulatory Authority (MACRA) recently concluded the Mobile Money Fraud Prevention Programme, with members of a Steering Committee established to address the issue and the Parliamentary Committee on Media and Communications reaffirming their commitment to combating mobile money fraud.
The group came together to discuss ways to combat mobile money fraud.
Kingwell Liphuka, chairperson of the Parliamentary Committee on Media and Communications, noted that mobile money fraud is more than just a financial crime; it also undermines trust and confidence in digital financial services.
He stated that while mobile money has positively transformed the economy, fraudulent activity undermines this progress and places businesses and consumers at risk.
The Parliamentary Committee agreed to support public awareness initiatives in their constituencies.
The committee also expressed support for a review of applicable law that promotes innovative security measures and strengthens collaborative operations across task force agencies.
Mayamiko Nkoloma, chairperson of the Steering Committee and acting director general of MACRA, commended the task force for its ongoing efforts to combat mobile money fraud and encouraged continued collaboration among all stakeholders, but challenged the team to devise solutions that are ahead of perpetrator tactics.
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