The impact of fraud on the financial performance of mobile payment (telecom) companies in Ghana

Abstract

Mobile payment is one of the emerging payment methods that have received serious attention in the western world because of its capability of reducing entirely the stressful situations customers go through in the commercial banks. Notwithstanding that, it has brought serious payment issues to general public and this has drawn the attention of both the past and present government of Ghana. There have been serious financial frauds happening in Ghanaian circles which portray that the established practice on fraud is not complied with. The study seeks to investigate the impact of   due diligence practice that guides against the current and recent rampant financial frauds in mobile payment companies in Ghana. Methodologically, this study employs three- step approaches; The first step investigates the  nature of fraud  in  the mobile payment companies .