MTN Moves to Curb E-fraud in Nigeria

The fight against Electronic fraud in Nigeria has yet received a boost just as the Telecommunication giant, MTN, launched its mobile ID initiative called the MTN token as part of measure to contain the menace in the country.

The product which is being promoted by global system for mobile communication Association (GSMA) is a SIM-based authentication service that enables immediate and secure verification of subscribers’ digital identity and transactions via their mobile devices.

Launched at the just concluded Tech+ Conference and Exhibition, the new product will meet the needs of customers who want a fool-proof validation/authentication platform for performing services that include: cash-less payment on e-commerce websites, financial transactions on e-banking portals, card-less transactions on ATM Terminals, customer digital identity on websites hosting confidential information like insurance, pension and taxation web portals and staff identity on workforce mobile service.