Ho, Aug. 09, GNA – Mobile Telecommunications Networks (MTN) has stated that the weight of fraudulent activities in Momo transactions was seriously hampering efforts to deepen financial inclusion in the country.
MTN became the pioneer of mobile banking in Ghana with the introduction of Momo in 2009.
Despite the breakthroughs, financial scams continue to flourish on the mobile money platform and thousands continue to fall victim.
Mr Shaibu Haruna, Chief Executive Officer of the Mobile Money Limited said this at a market launch of the company’s 15 Anniversary celebration in Ho.
He said the company holds the issue of fraud as its high priority and was therefore pursuing the needed enhancements of its security systems and collaboration while promoting widespread public education.
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