MTN to Deploy Blockchain Technology to Combat MoMo Fraud
MTN Ghana has announced plans to utilize blockchain technology to strengthen the country's digital finance ecosystem, focusing on combating fraud, enhancing transparency, and rebuilding public trust.
According to Sylvia Otuo-Acheampong, Chief Product and Services Officer at MobileMoney Ltd, the company has developed a framework to integrate blockchain into its mobile money operations, targeting areas such as transaction traceability, digital identity verification, and Know Your Customer (KYC) management.
The announcement was made at the 2025 Fintech Stakeholder Forum in Accra, which brought together regulators, fintech firms, banks, policy experts, and academia to discuss Ghana's fintech potential and regulatory frameworks for digital credit and digital assets.
Harnessing Ghana’s Fintech Potential: Regulatory Frameworks for Digital Credit and Digital Assets
Author's summary: MTN Ghana adopts blockchain to fight MoMo fraud.
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