DAR ES SALAAM, Jan. 19 -- MOBILE money has become part of everyday life in Tanzania. Today, people use their phones to pay school fees, buy food, pay rent, receive salaries and send money to relatives in villages.

From Dar es Salaam to Mbeya, from Mwanza to Mtwara, mobile money has made financial services faster, cheaper and more accessible than ever before.

According to data from the Tanzania Communications Regulatory Authority (TCRA), millions of mobile money transactions are conducted daily, worth trillions of Tanzanian shillings each month.

This growth has helped small businesses, farmers, women and youth participate in the digital economy. However, as mobile money continues to grow, fraud has also increased.

Most mobile money fra...