Mobile Money services suspended after suspected hackers stole unspecified amount of money
Telecom giants Airtel and MTN Uganda have temporarily suspended mobile money services temporarily after interruptions in their systems after suspected hackers broke into the system of Pegasus Technologies and took off with an unspecified amount of money belonging to several companies including banks and telecoms.
Pegasus Technologies is the company that translates money from banks into mobile money transfers between banks and telecom companies.
The company’s flagship product, PegPay payments platform which is used by several institutions including banks, telecoms and utility companies such, retailers, Pay-Tv providers’ and schools helps aggregate and manage financial transactions for both internal and external purposes.
However, Stanbic Bank Uganda, MTN and Airtel released a joint statement yesterday, saying they got issues with their systems but assured their customers that there was no impact on their monies.
It is also alleged that Ugandan government blocks money transfer Apps suspecting that the National Unity Platform (NUP) recieves diaspora money that way which affects the economy.
