However, to ensure that this system is not compromised, MM can only reveal details on the first 4 levels. But you can rest assured that all 9 levels of security are constantly working in the background to safeguard your interests.
Level 1 - Mobile Money SIM card security
Mobile Money identifies you through your mobile SIM card. No transaction can take place unless confirmed through your SIM card. The security level of your SIM card is so good that it's comparable to any other Automatic Teller Machine card. Better yet, it's always hidden in your phone, safe from prying eyes.
Level 2 - Mobile Money Security PIN protection
You will need to key your 6-digit security PIN into your mobile phone to actively approve Remote Payment requests made by billers (such as utility bills/insurance companies) before payment takes place. This level of protection is similar that of your normal Automatic Teller Machine PIN.
Level 3 - Instant feedback
Your Mobile Money immediately provides you a report every time you make a payment, whether through eCash or by approving payment requests via the security PIN. This means that you will know immediately if there is an error or unauthorized payment.
Level 4 - Instant deactivation
If someone steals your mobile phone, you will know it almost right away. Call Mobile Money immediately and your accounts will be deactivated and no transaction can go through. Calling your Celco (Cellular Communication) to stop the line will have the same effect, but Mobile Money requires you to notify us as well, so we can take the proper security measures.
