MTN Uganda CEO Wim Vanhelleputte, speaks about a security bleach on Pegasus Technologies that led to temporarily suspended bank to wallet mobile money transactions.
“On 3 October 2020, an aggregator, Pegasus Technologies Ltd experienced a security breach that impacted Bank 2 Wallet transfers.”
“Although the incident did not affect any customer money mobile balances, a limited number of other services aggregated through the third-party provider were suspended as a precautionary safety measure. The core MTN Mobile Money services namely cash deposits, withdrawals, Person to Person (P2P) transactions and MoMo payments were never affected nor compromised at any stage.”
Read also: MTN, AIRTEL and Stanbic bank temporarily suspend bank to mobile money transactions
“Investigations led by the Uganda Police Force are ongoing to identify the root cause of the incident. We are confident the Uganda Police Force will conclude their investigations timeously and take appropriate action against the culprits.”
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