A report by the GSMA highlights the global growth of mobile ID solutions and showcases the cases implemented by the aggregator Plusmo in Europe andLatin America. These tools help prevent fraud and reinforce the security of commercial operations in the mobile ecosystem.

Plusmo’s cases in France and Argentina were recently highlighted in aGSMA report on mobile identity. The organization emphasized that the implementation of solutions developed by Plusmo enabled a reduction in fraud of up to 80%, significantly improving digital security. These experiences demonstrate the impact of relying on trustworthy identity tools tailored to the current challenges of the mobile ecosystem.

Both cases were featured in the report “MobileIdentity: Driving Digital Trust”, which spotlights pioneering initiatives advancing mobile ID technology worldwide.

In a context marked by a sharp rise in online scams and increasingly sophisticated cyberattacks, mobile identity is emerging as a key element in fostering digital trust.

This solution leverages both mobile network operator data and built-insecurity features from the network and device ecosystem to detect fraud and secure transactions. By eliminating the need for passwords, it also ensures a seamless user experience.

The mobile network data used to reinforce authentication is accessed through standardized APIs provided by the operators themselves. The success of this model relies on a collaborative ecosystem of technical and commercial enablers that generate and integrate a variety of identity protection services.

Among the pioneering cases showcasing the potential of this technology,GSMA highlights the experience of Younited,This leading instant credit company had been facing a sudden surge in fraud involving fake intermediaries. Criminals tricked consumers into unknowingly applying for fraudulent loans.

To address the issue, Younited’s French branch adopted a dual-strategy approach that used mobile identity APIs as part of their customer onboarding process to filter out scammers. This strategy, carried out in collaboration with Plusmo, integrated the KYC Match API for identity verification and the SIM Swap API for securing transactions. Thanks to this implementation, the company reduced fraud from fake intermediaries by 70% and improved real-time risk assessment, blocking 0.5% of total loan applications flagged as high risk.

Another success story comes from MovyPay, the Argentine platform that enables the digital payment of public transport fares. In Argentina, the digital payments market grew by 45% in 2024, also increasing opportunities for fraud.

MovyPay had experienced a significant rise in chargeback fraud, mostly linked to unauthorized transactions facilitated by SIM swapping attacks. In this technique, criminals transfer a victim’s phone number to a new SIM card under their control, enabling them to intercept authentication codes.

To address this issue, MovyPay partnered with Plusmo to integrate a SIMSwap API. This solution provided real-time visibility into recent SIM card changes, allowing the system to assess transaction risk much more effectively.After the API’s implementation, MovyPay recorded an 80% reduction in charge back fraud within the first six months, a significant decrease in account takeover incidents, and greater efficiency in fraud detection.

“These cases, along with other projects we’ve implemented, show the effectiveness of mobile identity solutions in mitigating fraud and strengthening authentication in the mobile ecosystem,” says Gabriel Chapt, CEO of Plusmo. He adds: “This is a ‘silent’ verification mechanism that runs in the background and therefore doesn’t affect the user experience. It’s fast, reliable, and easy to use, offering protection against account takeovers, real-time data, and full automation.”

Plusmo is now expanding these solutions to otherLatin American countries to help fintech ecosystem organizations fight fraud and enhance digital security—ensuring more trustworthy and protected transactions.