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MTN Wants Banks to Share Fraud Costs

MTN pushes telecom-bank security cost-sharing model as SIM-swap fraud rises

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsJul 1, 2026

MTN has proposed that banks should contribute to the cost of telecom-powered security verification checks as SIM-swap fraud rates increase across Africa. The proposal has direct relevance for Ghana's fintech and banking sector, where SIM-swap fraud has been an active concern.

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