We have introduced an additional factor of authentication for all e-commerce transactions – which makes these transactions more secure – and are swiftly moving to Chip and PIN technology for credit card transactions.
SMS alerts for bank and credit card transactions are an important advance relative to even the United States, where thieves find it easy to bill thousands of dollars to your credit card even before you know it is stolen. All this means that we have the infrastructure to provide cheap and safe payments and remittances.