Mobile money in the Australasian region - a technical security perspective

While mobile money originated in Africa, its success has led to a spread around the world. This paper is the first to focus specifically on its uptake in the region of Australasia; we give a brief description of the current situation of mobile money usage in each of eight countries within this region. Despite the convenience of mobile money systems, their underlying technologies are susceptible to many threats associated with insecure Wi-Fi communication. We detail such threats and discuss possible countermeasures.