Exciting news in South Africa’s telecom sector! Cell C, MTN, and Telkom have teamed up with GSMA’s Open Gateway program to combat fraud and online identity theft.
By leveraging universal network APIs, they’re strengthening their defenses against cyber threats and protecting customers from digital banking fraud, which surged by 24% last year.
This collaborative effort isn’t just local; it’s global. Mobile operator groups worldwide are uniting under the Open Gateway umbrella to promote interoperability and uphold privacy standards.
These standardized APIs are like secret weapons in the fight against fraud, with significant implications for banking, finance, insurance, and other industries.
The CEOs, including Jorge Mendes, Saad Syed, and Lunga Siyo, are enthusiastic about teamwork, consistent developer experience, and the potential to curb digital fraud.
Source: TechPoint Africa
