"In this era of mobilebanking, use of counterfeit devices, which are manufactured without due consideration to the recognised security standards, may expose our mobile money systems as well as the wider banking and financial system to unnecessary risks, " said the communications secretary Dr Bitange Ndemo.
In the emerging world , the most famous mobile payments success is in Kenya, where M-Pesa , the P2P payments service of mobile phone supplier Safaricom, has effectively created an alternative banking and payments system.