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Submitted by moiuser5 on 14 January 2025

KBZPAY stated that it con­stantly focuses on ensuring mobile wallet security, in col­laboration with mobile network operators and the Central Bank of Myanmar.

In a statement, CBM says “mobile money is being sto­len by hacking third-party ser­vice providers through mobile network operators linked with banks and mobile money ser­vices.”

KBZPay said the investi­gation process is found to af­fect only device change and there are 31 cases relating to device change. At present, de­vice change has been stopped for a while and system main­tenance has been underway but the device change will be available again on 7 January 2025.

KBZPay has begun provid­ing advance payments as of 30 December 2024 to prevent 31 customers from losing their money during the period of the investigation, it said.

MT/ZS

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