Fighting Financial Crime in the Age of Digital Payments.

As digital fast payment systems grow across the world, they are making it easier and quicker to send and receive money. In countries like Kenya, mobile money and online banking are now part of daily life. Businesses and individuals can pay bills, shop or transfer funds within seconds. But with this speed comes a serious risk financial crimes such as fraud, money laundering and identity theft.

Criminals often take advantage of weak systems to move money without being noticed. Because the transactions are fast and sometimes anonymous, it becomes harder for banks and authorities to track who sent the money, where it went and why. This can lead to major losses and harm to both users and the financial system.

This is where traceability plays a big role. Traceability means being able to follow every step of a transaction from sender to receiver. When fast payment systems are built with traceability features, it becomes easier to detect suspicious activities, stop fraud in real time and hold wrongdoers accountable.

Traceability also helps in creating trust. People and businesses are more likely to use digital payment platforms when they know the system is safe and that any issue can be quickly traced and solved.