Showing posts with label mobile. Show all posts
Showing posts with label mobile. Show all posts

Wednesday, September 6, 2023

PalmPay Reinforces Commitment to Educate Users through Monthly Wallet Safety Workshops

PRESS RELEASE


PalmPay Reinforces Commitment to Educate Users through Monthly Wallet Safety Workshops

PalmPay is taking its commitment to user security to the next level by integrating liveness detection and facial recognition capabilities into its transaction scenarios, particularly during withdrawals

LAGOS, Nigeria, September 6, 2023/ -- As electronic payment platforms gain traction, the need for consumers to be conscious of their online security becomes paramount. Recent data highlights a surge in Nigerians adopting electronic platforms for day-to-day transactions. According to a recent report by the Financial Institutions Training Centre (FITC) on Fraud and Forgeries in Nigerian banks for Q2, 2023, fraud cases have jumped to a whopping 276.98%. 

According to Chika Nwosu, MD/CEO of PalmPay, “With the growing use of digital payment platforms, new risks and concerns emerge for operators and users.”

In 2022, PalmPay introduced the Wallet Safety Workshop to ensure the security of user transaction privacy and stable and reliable transactions. This monthly campaign for payment security awareness helps customers improve their overall security knowledge, manage their personal information online, and learn how to spot and avoid e-scammers and fake news. 

Since the launch of the workshop, PalmPay has been using online and offline channels, including the app, social media, official website, and printed materials, to publicise and expose examples of social media and telecom fraud, as well as how to spot fraudulent behaviour and necessary steps to take to avoid being trapped.

In the past year, PalmPay has been educating users and the general public on various aspects of cybersecurity knowledge, such as password and devices management, risk identification, phishing, fraud detection, and payment security.

Internally, PalmPay has significantly fortified its security features, aiming to empower users in account protection. The Fintech has taken action against fraudulent accounts through an investigation of internal accounts and has banned thousands of problematic accounts to enhance user account security.

The introduction of device management feature allows users to control trusted devices and remove untrusted ones. When accessing the PalmPay app from an untrusted device, a comprehensive security verification process is required, combining OTP and PIN, to ensure top-tier security.

Additionally, an automatic logout feature has been implemented, allowing users to set a time limit for inactivity, followed by PIN entry upon re-entry. PalmPay also offers fingerprint and facial ID login options to enhance account access. In 2023, millions of users have linked secure email addresses for seamless receipt of in-app OTPs and future security-related notifications.

PalmPay is taking its commitment to user security to the next level by integrating liveness detection and facial recognition capabilities into its transaction scenarios, particularly during withdrawals. This security measure ensures a more accurate identification of potential fraudulent activities and unauthorized access, further safeguarding customer accounts.

Recently, PalmPay unveiled the new PalmPay Business App, featuring a comprehensive security upgrade. It now integrates advanced features such as liveness detection and facial recognition. The upgraded system verifies if the user's actions are performed by the genuine account holder. Even in cases of telecom fraud where sensitive information like OTP/PIN might have been compromised, the system can use facial recognition to confirm the user's identity, thereby safeguarding customer accounts and financial assets.

According to Mr Nwosu, “It’s impressive that these efforts have led to remarkable financial recovery. In the first seven months of 2023, over $677 million has been successfully recovered for more than 853,000 users. This achievement highlights our commitment to safeguarding our customers' financial interests and assets.” He urged Nigerians who have not embraced e-wallet to do so because it is secure, convenient and accessible.   

The brand commits to keep educating users and the general public on security guidelines both on online and offline channels.
Distributed by APO Group on behalf of PalmPay.
 
About PalmPay:
PalmPay is a leading Africa-focused fintech platform committed to driving economic empowerment in the continent. Through its secure, user-friendly and inclusive suite of financial services, PalmPay brings top-tier products into the pockets of everyday Nigerians.

PalmPay offers money transfers, bill payments, credit services and savings on its app and via its mobile money agents. 

Since launching in Nigeria in 2019 under a Mobile Money Operator licence, the platform has grown to over 25 million users. Over 500,000 mobile money agents and 400,000 merchants are part of its cashless payment ecosystem.

The company has raised USD 140m. The PalmPay app is available on the Google Play Store and iOS App Store in Nigeria and Ghana, with more markets going live. 

SOURCE
PalmPay


#Palmpay
#digitalbank
#transfers
#payments
#money
#Nigeria
#Nigerians
#wallets
#pockets
#merchants
#GooglePlay
#IOS
#mobile
#fintech



Sunday, December 11, 2022

More Unicorns Are Coming in Africa

I declared that 2020 will be the Year of the Unicorns and it came to pass with the total number of unicorns reaching 563 in 2020 and increased to 957 in 2021 when I declared that Our Unicorns Are Coming, Nigeria and the rest of Africa contributed to make up the 1, 000 unicorns so far in the world. And more unicorns are coming in Africa in 2023.  

The unicorns in Africa include the following:

Chippers Cash (over $2 billion) 

Andela – ($1.5 billion) 

OPay (over $2 billion) 

Wave ($1.7 billion) 

Flutterwave – ($1 billion) 

Paystack – ($1 billion) 

Interswitch ($1 billion) 

Jumia ($1 billion)

Fawry ($1 billion)

PiggyVest ($1 billion)

New unicorns will emerge from EdTech startups, decentralized transactions startups, ride sharing startups and sports betting startups.



Wednesday, May 12, 2010

Secure Mobile Wallet Solutions at AITEC Banking & Mobile Money West Africa Conference

12 May 2010 11:00 Africa/Lagos



CellTrust Corporation Showcases SecureSMS Messaging and Secure Mobile Wallet Solutions at AITEC Banking & Mobile Money West Africa Conference

SCOTTSDALE, Ariz., May 12 /PRNewswire/ -- CellTrust Corporation, the world's largest provider of SecureSMS for mobile phones (www.celltrust.com), announced today the company will showcase its SecureSMS messaging solution in the Mobile Money Hub at the AITEC Banking & Mobile Money West Africa conference, May 11-12, 2010 in Lagos, Nigeria. The company will also highlight the special features of its data-based and menu driven Secure Mobile Wallet.


CellTrust's SecureSMS platform has gained a strong foothold in Africa. The platform will enable banks and even other payment system providers to meet the stringent, new transmission channel security requirements of the Central Bank of Nigeria. In February of this year CellTrust launched its SecureSMS Mobile Banking and Payment Pilot for the African region through its partnership with Maxim-Pro Ltd. (www.maxim-pro.com), based in Lagos, Nigeria, to provide consumers the ability to make secure mobile cash transfers, payments and securely access other microfinance banking products.


"CellTrust's secure mobile banking platform is gaining significant momentum in Africa, where banks are cracking down on fraud and enforcing new security requirements for mobile financial management," said Sean Moshir, Chairman and CEO of CellTrust. "CellTrust's Secure Mobile platform brings significant value to the financial industry, as well as consumers in Africa, providing a secure and simple way to transfer money and make payments."


CellTrust SecureSMS provides end-to-end privacy on the mobile device via a highly encrypted, tamper-proof process while enabling message sizes up to 5,000 characters. CellTrust SecureSMS Appliance is the first global enterprise appliance to offer secure SMS communication for Handset to handset and enterprise applications to handsets with highly encrypted end to end security in compliance with HIPAA, FISMA, and Sarbanes-Oxley, ensuring that information is kept private and only delivered to the intended recipient. CellTrust's award winning SecureSMS(TM) Appliance and Gateway reaches 200+ countries and over 800 carriers.


About CellTrust Corporation


CellTrust is a leading provider of secure mobile messaging and applications. CellTrust's patent pending SecureSMS Gateway(TM) featuring the SecureSMS(TM) Appliance and a suite of mobile applications provide advanced secure mobile messaging and information management across 200+ countries and over 800 carriers. CellTrust ensures the secure and trusted exchange of information on mobile devices to the financial services, healthcare, government, education, energy, information technology, marketing, and travel, among other global industries. For more information about CellTrust's Global, African, North American and Australian operations: www.celltrust.com www.africa.celltrust.com www.celltrust.com.au


Media Contact:
Lora Friedrichsen
Global Results Comms (GRC) for CellTrust
+1 949-608-0276
celltrust@globalresultspr.com


Source: CellTrust Corporation

CONTACT: Media, Lora Friedrichsen of Global Results Comms (GRC),
+1-949-608-0276, celltrust@globalresultspr.com, for CellTrust


Web Site: http://www.celltrust.com/




Thursday, October 1, 2009

MTN Partners With IMImobile in a Major Deal to Bring Mobile and Online Content to 103 Million Users

1 Oct 2009 14:08 Africa/Lagos


MTN Partners With IMImobile in a Major Deal to Bring Mobile and Online Content to 103 Million Users

JOHANNESBURG, October 1/PRNewswire/ -- Millions of mobile and online content users across Africa and the Middle East will reap the benefits of a landmark tie-up between MTN and IMImobile - an India-based software and managed services provider linked to 350 content providers worldwide.


The two companies have teamed up in a bold move to address the growing demand for content in emerging markets. This strategic partnership will entail providing MTN's 21 markets access to a repository of current and globally popular content through enhanced delivery platforms. Content categories will include music (with local and international flavour), sports, games, entertainment, news and much more.


It will also enable MTN to launch new income-generating voice and data services across its global footprint, with revenues from mobile content and services estimated at around US$150.2 billion in 2011, up from US$89.3 billion in 2006, worldwide.


One of MTN's new content streams will be the 2010 FIFA World Cup(TM) of which the mobile operator has exclusive global mobile content rights. Accordingly, MTN will leverage its IMImobile partnership to deliver exclusive 2010 FIFA World Cup(TM) content on subscribers' handsets, including soccer match news, fixtures, match results as well as team and group profiles.


The appointment of IMImobile as a strategic managed services and hosting partner follows an extensive review of MTN's mobile content and media services landscape across its global footprint.


MTN is now aligning its mobile content and media services strategy across its 21 markets in Africa and the Middle East to standardize and enhance its media content offerings to its subscribers.


MTN also wants to capitalize on the rapidly converging data content and voice market, with Africa, the Middle East and Latin America poised to witness the highest growth in revenue as additional mobile data services are being deployed in these regions.


Nozipho January-Bardill, MTN Group Corporate Affairs Executive, says IMImobile was selected from a group of major global telecom software and service providers because of the scalability of its technology platforms and proven managed services business model.


"IMImobile's value proposition and technology solutions will enable MTN to reduce the time-to-market for new services, boost Average Revenue Per User (ARPU) and keep MTN at the forefront of innovative services.


"We have found a partner in IMImobile that has the insight and expertise of the appropriate managed service business model and technology solution necessary to continue to deliver premium content and services to our customers," said January-Bardill.


MTN has already introduced a number of exciting products and services on its portal and on www.mtnfootball.com during the FIFA Confederations Cup in June this year. This content is currently being archived to allow football fans to re-live the moment long after the games.


IMI mobile will deploy its Service Delivery Platform (SDP), including its industry leading DaVinci Content Management System (CMS). The content strategy includes tailoring content for local consumer preferences, including French and Arabic as well as exploiting MTN's sponsorship of the 2010 FIFA World Cup(TM) through http://www.mtnfootball.com.


Vishwanath Alluri, Founder and CEO of IMImobile said: "This is a major commercial milestone for IMImobile as we continue to build our offering to support leading operators worldwide. To be chosen by MTN as their strategic partner ahead of a strong list of competitors is testament to our unique service which is based on industry leading technology platforms, content management expertise, a managed services and SaaS business model combined with 24/7 technical support and strict SLA compliance. We are excited by the opportunity and are looking forward to helping MTN achieve its objectives of creating substantial additional revenue streams."


Issued by MTN Group Corporate Affairs


ABOUT THE MTN GROUP


Launched in 1994, the MTN Group is a multinational telecommunications group, operating in 21 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: "MTN". As at 30 June 2009, MTN recorded 103,2 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d'Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. The MTN Group is a global sponsor of the 2010 FIFA World Cup South Africa(TM) and has exclusive mobile content rights for Africa and the Middle East. Visit http://www.mtn.com and http://www.mtnfootball.com.


ABOUT IMImobile


IMImobile is a leading provider of converged mobile and online technology platforms and content services to mobile operators and media companies around the world. The IMImobile product portfolio includes a core service delivery platform (DaVinci SDP), mobile advertising platform (Ad-Ring(TM)), carrier grade messaging platforms and gateways, applications for data services, full track music download services and voice platforms. Customers include leading operators and media companies such as Airtel, Vodafone, Virgin Mobile, Google, Reuters and Yahoo!. IMImobile is a profitable fast growing company with operations in 40 countries and offices in Asia, Europe, Latin America and the Middle East. For more information, visit http://www.imimobile.com


Note to Editors:


The 16 countries IMImobile will be deploying its full CMS across are: Botswana, Cote d'Ivoire, Republic of Congo (Congo-Brazzaville), Rwanda, South Africa, Swaziland, Uganda, Zambia, Benin, Guinea Bissau, Guinea Republic Conakry, Liberia, Afghanistan, Syria, Cyprus and Yemen.


IMImobile will directly connect its central platform in London to the existing CMS platforms of the following 5 countries: Nigeria, Ghana, Cameroon, Iran and Sudan


Source: IMImobile

IMImobile contacts: Eleanor Filgate or K Simon at Babel PR, T. +44(0)20-7434-5550, M. +44-7500-038-458, E. imimobile@babelpr.com, W. http://www.babelpr.com. MTN Group contacts: Maphamola Lebelo, MTN Group Communications, Mobile: +27-83-212-9918, Email: Lebelo_m@mtn.co.za


Tuesday, September 1, 2009

Zain Nigeria Partners with Harris Stratex Networks to Build State-of-the-Art Network Operations Center in Lagos



1 Sep 2009 13:30 Africa/Lagos

Zain Nigeria Partners with Harris Stratex Networks to Build State-of-the-Art Network Operations Center in Lagos

Harris Stratex' managed network services expertise and service assurance technology allows operator to reduce operational costs and deliver an enhanced customer experience

RESEARCH TRIANGLE PARK, N.C., Sept. 1 /PRNewswire-FirstCall/ -- Harris Stratex Networks, Inc. (NASDAQ:HSTX) , a leading provider of wireless solutions that enable the evolution of next-generation fixed and mobile broadband networks, today announced it partnered with Zain Nigeria, a leading mobile operator serving 24 countries in the Middle East and Africa, to launch a new network operations center (NOC) in Lagos. The NOC, which Zain commissioned in July, is part of a full, turnkey project completed by Harris Stratex, which includes NOC design and buildout -- supported by Harris Stratex' NetBoss integrated services assurance technology -- and network process re-engineering and optimization. The new facility is designed to boost the resilience and robustness of Zain's network, enhancing the customer experience while drastically reducing the amount of operational downtime.


"Our customers are our number one priority, and we have an ongoing commitment to offer an increasingly compelling experience, particularly as our customer base and network traffic grows," said Khaled Khorshid, Zain Nigeria's chief operating officer.


According to Mr. Khorshi, "Harris Stratex is a long-standing partner, and we knew they had the right mix of expertise in the managed network services business to deliver a world-class NOC and integrate all our network equipment under one manager-of-manager system. The end result will drive toward our goal of achieving 100 percent network visibility, so we can proactively maintain quality of service and improve our overall operational efficiency."


The state-of-the-art NOC is designed to monitor and manage multi-vendor, multi-protocol network infrastructure, including subscriber access, 4G/WiMax access, IP backhaul and core network technologies, as well as network elements providing energy, security and surveillance controls. It provides around-the-clock network surveillance, performance monitoring and trouble ticket management for voice, video and data networks. The center monitors Zain Nigeria's networks to identify network problems before they can impact business functions or productivity, and seeks to resolve issues remotely from the NOC or by dispatching technicians to network infrastructure sites.


This NOC buildout project was implemented by Harris Stratex Networks in conjunction with Middle East Telecommunication Company (METCO), a communications solutions integrator that addresses customer applications and requirements.


"As an innovative telecom provider with a steadily growing presence in its region, Zain Nigeria needs to know that their network resources and subscriber traffic are functioning reliably on a constant basis," said Mike Pangia, senior vice president and chief sales officer, Harris Stratex. "Our system, which captures a wealth of information about the equipment and network traffic, and makes it easily available to those who need to know, is designed to give them this confidence, to maximize the value of their investment and to help them to provide the world-class services they are known for."


Harris Stratex Global Network Services (GNS) managed network solutions are built on two decades of managed network services expertise and field-proven technology. Harris Stratex offers an extensive managed network services portfolio that includes eTOM-compliant NOC managed services, integrated network management systems, process re-engineering and optimization, and a variety of other offerings designed to enhance the process maturity of an organization. With its suite of network management solutions, and hands-on experience in defining, implementing and improving network operations, Harris Stratex enables customers to focus on their core business with the peace of mind that their network is being managed and optimized around the clock according to their needs.


At the core of the NOC and the Harris Stratex managed network services business are its advanced NetBoss service assurance solutions. The technology platform features highly-sophisticated management features, such as high-volume event processing and advanced, flexible filtering and correlation, enabling operators to quickly find and focus on service-affecting network issues, determine root causes and isolate trouble spots. With more than 200 deployments in 35 countries, the Harris Stratex NetBoss portfolio offers customers field-proven, flexible solutions that scale from element management to geographically dispersed manager of managers. For more information on Harris Stratex' network management technology, please visit the overview webpage.


About Harris Stratex Networks, Inc.


Harris Stratex Networks, Inc. is a leading provider of wireless solutions that enable the evolution of next-generation fixed and mobile broadband networks. The company offers reliable, flexible and scalable wireless network solutions, backed by comprehensive professional services and support. Harris Stratex Networks serves all global markets, including mobile network operators, public safety agencies, private network operators, utility and transportation companies, government agencies and broadcasters. Customers in more than 135 countries depend on Harris Stratex Networks to build, expand and upgrade their voice, data and video solutions. Harris Stratex Networks is recognized around the world for innovative, best-in-class wireless networking solutions and services. For more information, visit http://www.harrisstratex.com/.


About Zain


Zain is a leading telecommunications operator across the Middle East and Africa providing mobile voice and data services to 69.5 million active customers as at 30 June 2009. In terms of country footprint, Zain is the 3rd largest mobile operator in the world with a commercial presence in 24 countries.


Zain operates in the following countries: Bahrain, Burkina Faso, Chad, the Republic of the Congo, the Democratic Republic of the Congo, Gabon, Ghana, Iraq, Jordan, Kenya, Kuwait, Malawi, Madagascar, Niger, Nigeria, Palestine (currently known as Paltel Group), Saudi Arabia, Sierra Leone, Sudan, Tanzania, Uganda and Zambia. In Lebanon, the company manages 'mtc-touch' on behalf of the government. In Morocco, Zain owns 31% of Wana Telecom through a joint venture.


Zain offers innovative services in its markets such as 'One Network', the world's first borderless mobile telecommunications network enabling customers when abroad to receive calls and sms without charge and to make voice and data calls at local rates throughout 20 countries in Africa and the Middle East. This service allows a customer to top up airtime in one's home country or from more than 1,000,000 outlets within Zain's One Network footprint.


The Zain brand is wholly owned by Mobile Telecommunications Company KSC, which is listed on the Kuwait Stock Exchange (Stock ticker: ZAIN). Zain is listed in the Financial Times' Global 500 Index which ranks the world's largest companies based on market capitalization (http://www.ft.com/reports/ft5002008). Zain aims to become one of the top ten mobile operators in the world by end of the year 2011. For more, please visit www.zain.com or email info@zain.com.


Trademarks


NetBoss is a registered trademark of Harris Stratex Networks. All other trademarks are property of their respective owners.


Source: Harris Stratex Networks, Inc.

CONTACT: Investors: Mary McGowan, Summit IR Group Inc., +1-408-404-5401,
mary@summitirgroup.com; Media: Jen Anderson, Harris Stratex Networks, Inc.,
+1-919-749-7240, jennifer.anderson@hstx.com; Emeka Oparah, Zain Nigeria,
+234802-222-1120, emeka.oparah@zain.com


Web Site: http://www.harrisstratex.com/


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