Mobile money agents hit by rising wave of fraud cases
Tanzania, May 18 -- Mwanza/Dar. While agency banking services continue to attract many young people due to fast cash turnover, agents are increasingly grappling with a growing wave of fraud that is causing significant financial losses across the sector.
Although regarded as a profitable and trusted service for customers, some agents have lost millions of shillings through fraud schemes that are constantly evolving across the country.
The situation is threatening business security and eroding trust in digital financial services nationwide.
Agents say that as the use of digital payments expands, they are repeatedly falling into increasingly sophisticated fraud traps.
Speaking to The Citizen's sister newspaper, Mwananchi, at Buhongwa Mar...
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