MTN enhances MoMo security as daily transactions hit 23 million

MTN Ghana has strengthened the security of its Mobile Money (MoMo) platform in response to rising fraud activities.

Among the measures introduced are biometric authentication on the MoMo App, additional one-time password (OTP) verification for bank-to-wallet transactions and device binding technology." He noted that many fraudsters exploit unsuspecting customers by requesting one-time passwords under the guise of assisting them with transactions.