Customers of mobile money services can now send money without revealing their identity to the recipient and other Mpesa transaction details thanks to Privpay app launched by Kenya Startup Siri Yangu Limited
The new app will keep the sender’s identity and contact information secret from the recipient.
Sandra Mbuvi, the manager of the Kenyan firm, claims the app will significantly cut down on spam and identity theft.
For an M-Pesa transfer of KSh 100, the app charges KSh 13 and sends KSh 4 to Safaricom. Mbuvi promised the service would be available on other mobile money platforms, such as T-Kash from Telkom Kenya and Airtel Money.
The application notifies both the sender and the recipient that the funds have been transferred without revealing any personal information about the sender. Siri Yangu Limited mentioned that the PrivPay app is only available for M-Pesa and may be downloaded from the Google Play Store or the Apple App Store.
There is growing anxiety about using mobile wallets for money transfers due to the potential exposure of sensitive personal information. Lipa Na M-Pesa Safaricom PLC Specifics stated that they would begin anonymizing Lipa Na M-Pesa users’ contact information in 2022.
The biggest telecom provider took personal data security seriously, as required by the Data Protection Act of 2019. The customer’s initial name and the first few digits of the phone number used to make the payment at the store would be publicly visible.
Demand for data privacy and protection solutions has increased thanks to the proliferation of data breaches that have enabled spamming and scamming. This has sent IT professionals into overdrive in their quest to keep up with the times.
Parliament approved new rules last year mandating registration with the Office of the Data Protection Commissioner (ODPC) for any companies acting as data controllers or data processors of personally identifiable information.