Tech firms form alliance in fight against mobile fraud

Tech firms form alliance in fight against mobile fraud

Telecoming and Evina, have signed an agreement to fight mobile fraud through promoting the Direct carrier billing (DCB) payment technology, which is the safest and most suitable for the new mobile economy.

In 2020, mobile fraud cost Africa over $4 billion and the DCB payment technology will help millions of unbanked Africans who appreciate its unparalleled reach and convenience.

The collaboration of the two companies, which have operations in 15 European, Middle East and Africa countries, will make mobile-based transacting even safer through DCB payment technology.

In a statement, Roberto Monge, COO of Telecoming said, “Direct carrier billing has been growing in the new digital economy. It is a technology with enormous potential that benefits all players in the mobile environment. With this alliance, we want to place DCB at the forefront of the payments industry and reinforce our commitment to the development of a transparent, secure and stable mobile economy”.

Also commenting, David Lotfi, CEO at Evina said, “The potential of DCB is widely underestimated by mobile operators and other market players. This is mainly due to the fact that DCB is currently adversely affected by fraud. By protecting the mobile payment ecosystem, we aim to sustain DCB’s growth and help all players flourish in this ecosystem.”

The alliance aims to educate on the vast potential of direct carrier billing through the DCB Master service that allows users to measure their exposure to fraud, as well as their market and regulations knowledge.

It will also enable the launch of the first global DCB indicator. This DCB Index will measure the maturity of the DCB market in different regions, based on the analysis of four indicators: Fraud protection, Innovation, Penetration in the Digital Industry and Growth Potential. 

Telecoming, is an expert in DCB and Evina is the reference in the fight against digital fraud. With this alliance, both organizations combine their expertise to develop the industry and boost mobile payment security.