MTN has announced the launch of a new scheme aimed at reducing mobile money fraud to the bare minimum.
Persons who use their phones for mobile money fraud would be barred from using them across all Ghanaian networks, according to the giant telecom companies.
Over 300 mobile money fraud crimes were reported in 2019, according to data from the Ghana Police Service’s cybercrime unit, with losses ranging from GHC 70.00 to GHC 4,000.00.
MTN CEO Serlorm Adadevoh remarked at an Editors Forum, “So what we’ve done is that today if you conduct fraud with a particular phone, that phone would be blacklisted across all networks in Ghana within a matter of hours, not the SIM, but the phone.”
This means that if you are a scammer, you will keep buying phones, which is incredibly pricey.
“In addition, we are collaborating with the Ghana Police Service to apprehend fraudsters so that they may be prosecuted,” Selorm stated.
According to MTN’s CEO, the company has worked with other partners to make mobile money fraud less appealing to fraudsters.
Until now, we’ve all witnessed and I’m certain you can vouch for the fact that there have been fewer MoMo fraud reports because of the amount of measures we’ve taken including working alongside our colleagues in the Ghana Telecoms Chamber.
“We’ve forged an alliance and built a barrier that makes being a fraudster extremely difficult,” he stated.