The latest data from the Nigeria Inter-Bank Settlement Systems (NIBSS) reveals that licensed mobile money operators, including Palmpay, OPay, and 15 others, processed transactions worth N71.5 trillion between January and December 2024. This marks a 53.4% increase from the N46.6 trillion recorded in 2023.
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PalmPay, a fintech company, has restated its commitment to safeguarding the finances of its over 35 million users from fraudsters.
“We are thrilled to announce that the Central Bank of Nigeria has given OPay the thumbs up to resume onboarding new users. This milestone highlights our dedication to following the rules, keeping your information safe and secure, and preventing any shady activities.”
A Fintech Company, PalmPay, says the upsurge in fraud cases in Nigeria’s financial services sector calls for improvement in the security and safety of fintech apps.
A Fintech Company, PalmPay, has pledged redoubled efforts to bridge the gap in financial inclusion through continuous support of government’s drive for economic empowerment across Nigeria.