New fraud schemes are targeting M-Pesa agents along the Kenyan Coast, involving counterfeit cash, stolen M-Pesa funds, and sophisticated scams.

• These schemes are exploiting the vital role M-Pesa agents play in Kenya's mobile money system, where hundreds of thousands, sometimes millions, of shillings pass through daily.
• The perpetrators are using a combination of counterfeit currency and fraudulent M-Pesa transactions to defraud agents.
• The article details how these new methods are evolving and impacting the financial ecosystem built around Safaricom's 19-year-old mobile money service.