Mobile Money Security: A Comparative Study Between Nigeria and Kenya’s Approaches

Amina Nalongo J.

Faculty of Engineering Kampala International University Uganda

                                                                          ABSTRACT
This review explores mobile money security in Nigeria and Kenya, examining the differing approaches each country has adopted to address security challenges in the rapidly growing mobile money sector. Mobile money has become a key driver of financial inclusion in sub-Saharan Africa, offering millions of previously unbanked individuals access to financial services. However, the rise in mobile money usage has introduced significant security concerns, including fraud, data breaches, and cyberattacks. Kenya, with its mature regulatory environment and comprehensive security measures, serves as a global leader in mobile money security. In contrast, Nigeria’s mobile money market is expanding rapidly but faces challenges in regulatory oversight and infrastructure, leading to more pronounced security vulnerabilities. This study compares the security strategies of both countries, analyzing the effectiveness of technologies, regulatory frameworks, and consumer education. It also identifies the security challenges faced by users and provides recommendations for improving mobile money security across the region.

Keywords: Mobile Money, Security, Financial Inclusion, Kenya, Nigeria, Cybersecurity, Fraud Prevention.

CITE AS: Amina Nalongo J. (2026). Mobile Money Security: A Comparative Study Between Nigeriaand Kenya’s Approaches. IDOSR JOURNAL OF COMPUTER AND APPLIED SCIENCES 11(1):30-33. https://doi.org/10.59298/JCAS/2026/1113033