📵 Safaricom Tightens Security: Halts M-PESA Transfers to Unregistered Users 🛑💰

📵 Safaricom Tightens Security: Halts M-PESA Transfers to Unregistered Users 🛑💰

#fintech
#payments
#mobile money
Safaricom, Kenya's leading telco, takes a bold security step by discontinuing M-PESA transfers to unregistered users, impacting Airtel Money and T-Kash users. The move is speculated to enhance traceability and address concerns over unregistered SIM cards in mobile money transactions. 🚫💳

Safaricom, Kenya’s top telecom provider, has implemented a significant security measure by discontinuing M-PESA transfers to unregistered users. This move, affecting Airtel Money and T-Kash users as well, is believed to enhance traceability in mobile money transactions and address concerns related to unregistered SIM cards. The shift comes amidst ongoing discussions about M-PESA's dominance in the market and recent efforts by state agencies to promote mobile money interoperability. However, Safaricom has faced challenges, including inconsistent service availability, prompting speculation and customer complaints. 📵💳 #KenyaTech #MobileMoneySecurity #SafaricomNews


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