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Is it safe to use MPOS-enabled mobile phones to process payment transactions?

April 26, 2017mobile phones payment process safe transactions

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Is it safe to use MPOS-enabled mobile phones to process payment transactions?

1 Answer

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Yes. We have incorporated industry standard triple-DES encryption into both the clients mATM SIM card and the merchants MPOS SIM card to provide end-to-end transaction security. In addition, participating banks have also implemented a range of security measures to ensure the security and integrity of all mATM transactions, and to detect and reject unauthorized transactions.