An Analysis of the Potential Risk and Fraud Involved in Mobile Money Transaction in Freetown Sierra Leone

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Morris Ayodele Peacock
Morris Ayodele Peacock
1 PORT LOKO UNIVERSITY COLLEGE

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The research work focused on looking at an analysis of the potential risk and fraud involved in mobile money transactions in Sierra Leone with a focus on Orange and Africell mobile telecommunication companies. The implementation of mobile money service like any other financial service faces risks and challenges. This research addresses fraud as a challenge in the provision of mobile money service to customers in Sierra Leone. Mobile money usage for transactions is steadily growing across Africa with the potential to revolutionize the cashdominant economy of this continent to be cashless. With the increased use of mobile money services and number of business use cases designed each day, it is imperative to design a holistic approach to mobile money risk, security that will reduce security exposures and prevent fraud, as some mobile money service providers have lost millions of Leones to this growing threat. This research, therefore, examines the measures that mobile network operators providing mobile money services can employ to prevent fraud.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

Morris Ayodele Peacock. 2026. \u201cAn Analysis of the Potential Risk and Fraud Involved in Mobile Money Transaction in Freetown Sierra Leone\u201d. Global Journal of Computer Science and Technology - E: Network, Web & Security GJCST-E Volume 22 (GJCST Volume 22 Issue E1): .

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Alt text: Analysis of mobile money transactions highlighting fraud risks in Sierra Leone.
Issue Cover
GJCST Volume 22 Issue E1
Pg. 31- 35
Journal Specifications

Crossref Journal DOI 10.17406/gjcst

Print ISSN 0975-4350

e-ISSN 0975-4172

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GJCST-E Classification: H.2.4
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v1.2

Issue date

March 12, 2022

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English

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The research work focused on looking at an analysis of the potential risk and fraud involved in mobile money transactions in Sierra Leone with a focus on Orange and Africell mobile telecommunication companies. The implementation of mobile money service like any other financial service faces risks and challenges. This research addresses fraud as a challenge in the provision of mobile money service to customers in Sierra Leone. Mobile money usage for transactions is steadily growing across Africa with the potential to revolutionize the cashdominant economy of this continent to be cashless. With the increased use of mobile money services and number of business use cases designed each day, it is imperative to design a holistic approach to mobile money risk, security that will reduce security exposures and prevent fraud, as some mobile money service providers have lost millions of Leones to this growing threat. This research, therefore, examines the measures that mobile network operators providing mobile money services can employ to prevent fraud.

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An Analysis of the Potential Risk and Fraud Involved in Mobile Money Transaction in Freetown Sierra Leone

Morris Ayodele Peacock
Morris Ayodele Peacock PORT LOKO UNIVERSITY COLLEGE

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