Parents are being warned not to send their children to Mobile Money vendors with their Personal Identification Numbers PINs. A financial expert raised this concern.
Restus Numadze, who leads Built Financial Technologies Limited, said this practice is dangerous. He stated that it puts account holders at risk of fraud.
Giving children access to PINs for MoMo transactions can compromise the security of personal funds. This is according to Numadze.
The expert stressed that such actions can lead to unauthorized access to accounts. This could result in financial losses for the account holder.
He advised parents to conduct their own Mobile Money transactions directly. This ensures better control and security over their financial activities.
The warning highlights a growing concern about financial security in mobile money services. It emphasizes the need for users to protect their PINs carefully.