Botswana leads SADC mobile money boom
Friday, September 06, 2024 | 1090 Views |
Growing uptake: More Batswana are using mobile money services PIC: MORERI SEJAKGOMO
Arkwright is a global leading strategy and management firm.
The bullish local mobile money market, as of March 2024, had a total of 1.1 million subscribers, placing the country ahead of its regional counterparts and signifying the strong penetration of local mobile money in Botswana.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...