Standard Chartered Bank, Airtel Africa and MasterCard have partnered to launch the region’s first virtual cash card linked to a mobile wallet. The African region is experiencing an explosion of mobile money services as banks and mobile providers compete for customers who could otherwise not have a bank account. Phishing attacks on unsuspecting customers have increased in effort to lure them to fake sites and steal their personal details, which are then used for transactions. There is also an upsurge in cybercrime targeting the financial sector.”]

