Factors leading to mobile money fraud in the telecommunication companies and the mobile money agent in the last three months: a case study of Kawempe Division

Abstract

This study was conducted with the main aim of finding out the major factors leading to financial fraud in the mobile money agents in the last three months. The study further established whether demographic factors are associated to financial fraud. Under the methodology, I used questionnaire to collect my data with a sample size of 80 respondents which was scientifically selected by simple random sampling technique. During the analysis, I used STATA 15.0 software. univariate tool for each variable to establish the components incorporated in each was carried out , bivariate analysis was also carried out with the amount of money lost being the dependent variable so as to establish the relation with other independent variables. I further used the multivariate analysis to check for the goodness of fit of the model and the relevant variables that were significant with a p value less than 0.05. The higher the number of years of operation, the less amount of money lost in financial fraud. I would recommend a proper training for a long time so as to get familiar with the financial system and avoid loss of money.