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The Mobile Money Fraud Prevention Task Force has called on industry players to collaborate efforts to deal with mobile money fraud to safeguard recent gains.
Chairperson of the Task Force, Khumbo Phiri, says working together is the only effective way to conquer the common enemy. “To comprehensively deal with the ever-evolving nature of mobile money fraud, we need every hand on the deck.”
He notes that in recent years, the team has made positive strides amidst challenges. “Our key challenge is that we know the perpetrators, but we have not been able to stop them completely.”
He challenged the team to work on solutions that are more pro-active rather than reactive to be ahead of the fraudster’s tactics. The team reviewed several proposed solutions to malpractice.
Malawi Prison Service reported heightened search efforts including installation of scanning machines to detect and prevent from inmates accessing electronic gadgets including handsets and SIM cards.
The final day of the Mobile Money Fraud Prevention initiative concluded with members of the Steering Committee and the Parliamentary Committee on Media and Communications reaffirming their commitment to curbing mobile money fraud.
Chairperson of the Parliamentary Committee on Media and Communications, Hon. Kingwell Liphuka, acknowledged mobile money fraud is not merely a financial crime but a serious threat to trust and confidence in digital financial services.
He noted that while mobile money has positively transformed the economy, fraudulent activities undermine this progress and place businesses and consumers at risk.
The Parliamentary Committee committed to support intensified public awareness campaigns within constituencies . The committee also pledged support to review of relevant legislation that promote innovative security measures and strengthen joint operations among task force agencies.
Steering Committee Chairperson and MACRA Acting Director General, Mayamiko Nkoloma commended the task force for its continued efforts to mitigate mobile money fraud and encouraged sustained collaboration among all stakeholders but challenged the team to device solutions that are ahead of perpetrators’ tactics.
