Pulse.com.gh logo

Mobile Money Fraud 11 tips to prevent Mobile Money fraud

Every subscriber must learn to avoid Mobile Money fraud. Here are some tips to help prevent Mobile Money fraud.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

Mobile money fraud keeps increasing in recent times.

Fraudsters are using this means to deceive unsuspecting mobile money subscribers.

Statistics indicate that at least 50 percent of Mobile Money subscribers have either experienced one form of fraud or have been a target for Mobile Money fraudsters.

READ ALSO: These banks will give you a loan for your luxurious wedding

However, every subscriber must learn to avoid Mobile Money fraud. Here are some tips to help prevent Mobile Money fraud.

1. Keep your secret pin to yourself. Do not disclose it to anybody, including vendors.

2. Remember to change your pin periodically to avoid being hacked.

3. Be vigilant when making a mobile money transaction

4. Keep your Mobile Money account secret.

5. When you have to send money to a third party, transfer it into your wallet before sending it.

6. When you use vendor services in sending money call the receiver to verify if it has been received.

7. Do not mention your phone number or that of a friend out loud when at the vendors. Write it on a piece of paper and hand it over to the vendor directly.

READ ALSO: Newmont ranked ranked industry leader for third consecutive year

8. Don’t download suspicious apps.

9. When you receive a call or text message that money has been sent to you wrongly via mobile money, double check to confirm from your wallet before you resend.

10. Ignore suspicious text messages asking for money to release a package or prize especially if you have not been engaged in any draw or raffle.

11. Do not open a Facebook account with your mobile money number; it can easily be profiled by fraudsters.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 President’s Salary Here is how much Nana Addo earns every month after taxbullet
2 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public...bullet
3 New Appointment Nana Addo appoints Mahama as Lands Commission bossbullet
4 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
5 Salaries In 2018 Here are the dates public workers will be paid...bullet
6 Value Of Currency Cedi doing better than in 2016, 2017 – GN...bullet
7 Mobile Money MTN freezes account of Ponzi scheme over GH¢11m...bullet
8 Menzgold Ghana Investment company closes down its Gold...bullet
9 AirtelTigo 6 things every Airtel and Tigo customer...bullet
10 $89m Kelni GVG Deal Here's the full contract between...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Plane Crash Starbow suspends operations following plane crashbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Money Alert Meet Africa's richest womanbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Entrepreneurship How to be resourceful as an entrepreneurbullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 Entrepreneurship Creating Success Systems | StartUpSchoolbullet
10 New Phones Nokia MWC 2018 Event in 5 minutesbullet