Ugandan police are investigating the hacking of a firm that processes mobile money transactions for two telecoms firms, including a unit of South Africa’s MTN group. Mobile money is a cellphone-enabled service that allows subscribers to transfer and receive money and pay for such things as utilities bills, food orders and cab rides. The platform has developed rapidly in Africa. In Uganda, a total of $20 billion worth of transactions passed through the mobile money system in 2019, according to the central bank. Pegasus Technologies Ltd, whose network was hacked, processes mobile money transactions between MTN Uganda, the east African country’s largest telecom operator, and Airtel, a unit of India’s Bharti Airtel.
SOURCE: REUTERS
More Stories
The Marshall Nature Reserve Gives a Different Glimpse of the Sudanese Capital
The Journey of Moving Tanzanians Around
Correcting Kinshasa’s Commodity Crisis
Can African Leaders Rate Themselves?
First Black African to Win Grand Tour Stage
Financing Dangote’s Fertiliser Dream Tougher than Expected
This is a Moment for the Women of Kenya
US Support in Somalia Couldn’t Have Come at a Better Time
A Symbol of Sudan’s Resistance
Families of Trapped Miners in Limbo
Google Translate Announces an Addition of 10 Languages Spoken in Africa
All Four Tourists Reported Missing in the Fish River Canyon have been Accounted For