| dc.description.abstract | Managing risk in mobile money is a challenging task, especially when it comes to the risk
of fraud among mobile money companies. While the structure of managing fraud may
differ, there is a common framework that is widely agreed to be the foundation to any
fraud strategy in mobile money. Therefore, this study sought to examine the effects of
regulatory framework on combating fraud of mobile money in Kenya with special focus
on mobile money companies in Nairobi. The findings from this study are expected to
help policy maker develop frameworks that will combat fraud in the mobile money
sector. The study utilized public interest economic regulatory theory and private interest
theory in examining the selected study area. Descriptive research design was adopted and
this combines both quantitative and qualitative research while questionnaire was the key
study instrument. The study further used the Pearson product-moment correlation as the
analytical model. With 16 respondents forming the study participants, results indicate the
oldest mobile Money Company was started 5 years ago. Results shows that noncompliance
remains a challenge as respondents indicated there were no penalties for any
non-complying individuals. | en_US |
