Flutterwave to Recover $24 Million Lost to Unauthorised POS Transactions
![Flutterwave to Recover $24 Million Lost to Unauthorised POS Transactions](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/1530d0e642b06517a9893769a9381458.jpg)
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Description
African fintech giant Flutterwave is seeking to retrieve $24 million illegally transferred in October 2023 through a combination of a technical glitch and potentially fraudulent activity by POS merchants. The...
show moreThe fintech company will reach out to over 6,000 account holders across 35 banks and financial institutions involved in unauthorised transactions.
A recent High Court ruling will allow Flutterwave to contact account holders via email, SMS, and WhatsApp messages, with assistance from a recovery agency to recover the funds, according to court documents
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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