{"id":18303,"date":"2022-03-16T20:38:01","date_gmt":"2022-03-16T20:38:01","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/cama-asks-govt-to-regulate-digital-business"},"modified":"2022-03-16T20:56:39","modified_gmt":"2022-03-16T20:56:39","slug":"cama-asks-govt-to-regulate-digital-business","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/cama-asks-govt-to-regulate-digital-business","title":{"rendered":"CAMA asks Govt to regulate digital business"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Consumer Association of Malawi (CAMA) has appealed to government to put in place strong regulatory systems in order to ensure that only genuine traceable business transactions are done online and with reputable institutions in order to allow the growth of the new digital financial technologies that have potential to increase financial inclusion in the country.<\/p>\n

The plea was made yesterday in a statement the organizations released for the World Consumer Rights Day. CAMA Executive Director John Kapito noted that there is an increase in fraud on both mobile money and other digital financial platforms and this requires consumers to be equipped with knowledge on how to avoid such negative transactions.<\/p>\n

He said that they are also aware that every technology has got its own challenges and there is need for consumers to appreciate and understand the digital financial platforms while at the same time understand their implications and challenges.<\/p>\n

\u201cWith these new digital finance platforms consumers are now using mobile money, local and international money transfers, local and international purchases and the benefits are many.<\/p>\n

\u201cSome of the digital financial platforms have also negatively affected Consumers through fraudulent practices,\u201d he said.<\/p>\n

In Malawi a number of digital financial platforms have been introduced and they are assisting consumers with affordable and easily accessible financial technologies.<\/p>\n

A consumer has several rights that are provided for under the Laws of Malawi and most of these Rights are core and relate to the direct protection of consumers.<\/p>\n

The rights of consumers include right to safety, to be informed, to choose, to be heard, to basic needs, to redress, to consumer education and to healthy environment. The theme for World Consumer Rights Day this year is fair digital finance.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Consumer Association of Malawi (CAMA) has appealed to government to put in place strong regulatory systems in order to ensure that only genuine traceable business transactions are done online and with reputable institutions in order to allow the growth of the new digital financial technologies that have potential to increase financial inclusion […]<\/p>\n","protected":false},"author":84,"featured_media":18302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,3155,2485,234,3204],"class_list":["post-18303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-consumer-association-of-malawi-cama","tag-john-kapito","tag-malawi","tag-mobile-money"],"yoast_head":"\nCAMA asks Govt to regulate digital business - Malawi<\/title>\n<meta name=\"description\" content=\"Consumer Association of Malawi (CAMA) has appealed to government to put in place strong regulatory systems in order to e ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/cama-asks-govt-to-regulate-digital-business\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAMA asks Govt to regulate digital business\" \/>\n<meta property=\"og:description\" content=\"Consumer Association of Malawi (CAMA) has appealed to government to put in place strong regulatory systems in order to e ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/cama-asks-govt-to-regulate-digital-business\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-16T20:38:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-16T20:56:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/03\/img-62324ee67c8db.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"449\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cama-asks-govt-to-regulate-digital-business#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cama-asks-govt-to-regulate-digital-business\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CAMA asks Govt to regulate digital business\",\"datePublished\":\"2022-03-16T20:38:01+00:00\",\"dateModified\":\"2022-03-16T20:56:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cama-asks-govt-to-regulate-digital-business\"},\"wordCount\":303,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cama-asks-govt-to-regulate-digital-business#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/03\/img-62324ee67c8db.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Consumer Association of Malawi (CAMA)\",\"John Kapito\",\"Malawi\",\"mobile money\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/cama-asks-govt-to-regulate-digital-business#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cama-asks-govt-to-regulate-digital-business\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/cama-asks-govt-to-regulate-digital-business\",\"name\":\"CAMA asks Govt to regulate digital business - 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