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Digital wallet warning for South Africa
South African Banking Risk Information Centre (Sabric) CEO Nischal Mewalall says banking customers who use digital wallets should focus on securing their accounts and devices rather than avoiding the technology.
Speaking to Cape Talk, Mewalall said that while criminals will always find a way to breach systems as technology evolves, tap-to-pay and digital wallet systems aren't a significant concern for his organisation.
South African Banking Risk Information Centre (Sabric) CEO Nischal Mewalall says banking customers who use digital wallets should focus on securing their accounts and devices rather than avoiding the technology.
Speaking to Cape Talk, Mewalall said that while criminals will always find a way to breach systems as technology evolves, tap-to-pay and digital wallet systems aren't a significant concern for his organisation.