ATM and Mobile Money Frauds, Government to issue new Guidelines

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After the massive ATM frauds especially with Standard Chartered Bank during the December holidays  last year, Government will release new guidelines for cashless transactions in Kenya next week.  Central Bank of Kenya has done some study on the problem and now ready with the findings and recommendations to share with the stakeholders. According to

“Following completion of the study and in view of its importance in informing National Payment System Policy, CBK would like to share the findings and recommendations with key stakeholders in the payments industry,” indicated a statement released by the bank.

CBK says it will be holding a workshop on Tuesday next week to bring together participants from commercial banks, mobile financial services providers, Communication Commission of Kenya, and other stakeholders where the study of the new guidelines would be unveiled.

Standard also has good editorial article  urging the Government to act on the cyber crime in Kenya. Read it here

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