This platform will harmonize the individual fraud control mechanisms of mobile money operators to strengthen our national resolve in tackling and mitigating fraud on our networks.
Speaking at the second edition of the Mobile Technology for Development Conference 2021, the Vice President said, the platform will help in blocking SIM cards, mobile devices, and blacklist ID numbers that connect to any fraud or general crime-related cases in the country.
“As digital financial services expand, new partnerships will emerge and so will new opportunities. But, one major challenge confronting the financial industry today is the proliferation of fraudulent activities,” he said.
“This is a huge worry for Government, service providers, and consumers. Because the soundness of a good digital ecosystem must guarantee all users reliability, security, confidentiality, and completeness of all transactions.”
The Vice President challenged industry stakeholders to continue working to find innovative digital solutions that will promote a sustainable society through providing universal access to financial services, healthcare, food security, and education to our people.