Mitigating Fraud Risk in Mobile Money

For a number of years, mobile money, an electronic money transfer platform, has been credited as an innovation likely to change the face of money transactions. This has led to the enhancement of money transfer systems and the way through which mobile operators conduct their business. Mobile money has moved from the periphery of mobile operators services to the center and is fast becoming a key revenue channel with benefits of real-time monitoring, fast and reliable transfer and to extent cashless transactions to improve safety.