Flutterwave to Recover $24 Million Lost to Unauthorised POS Transactions

Update: 2024-02-14

Description

African fintech giant Flutterwave is seeking to retrieve $24 million illegally transferred in October 2023 through a combination of a technical glitch and potentially fraudulent activity by POS merchants.
The fintech company will reach out to over 6,000 account holders across 35 banks and financial institutions involved in unauthorised transactions.
A recent High Court ruling will allow Flutterwave to contact account holders via email, SMS, and WhatsApp messages, with assistance from a recovery agency to recover the funds, according to court documents

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Flutterwave to Recover $24 Million Lost to Unauthorised POS Transactions

#box-pro-ellipsis-17647531384503{-webkit-line-clamp:2;}Flutterwave to Recover $24 Million Lost to Unauthorised POS Transactions

Flutterwave to Recover $24 Million Lost to Unauthorised POS Transactions

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Flutterwave to Recover $24 Million Lost to Unauthorised POS Transactions