Ugandan mobile money operators told to report fraud within 24 hours

Friday 4 June 2021 | 10:28 CET | News
Uganda's payment system providers and operators, which include mobile money operators and aggregators, must notify the Bank of Uganda within 24 hours of any suspected or confirmed fraud, security breach or material service interruption, according to new regulations and guidelines published by the Daily Monitor. The rules under the National Payment Systems Act also require payment system providers and operators to report issues that may affect safety and efficiency of electronic money as well as loss of confidential data.

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Categories: Mobile & Wireless
Companies: Airtel Uganda / MTN Uganda
Countries: Uganda
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