Digital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Facebook X (Twitter) Instagram
Trending
  • Just In: MTN Apologises As Fibre Cut Cripples Services In Enugu, Benue States
  • Nigeria Must Claim Its Seat In Global AI Economy, Experts Warn At GITEX 2025
  • NITDA DG Calls For Pan-African AI Collaboration At GITEX Nigeria 2025
  • Zinox, KongaCares Partner To Unveil Groundbreaking “Computerize Nigeria” initiative At GITEX Nigeria
  • How Two Nigerian Students Won Airtel Africa Foundation Fellowship
  • Konga Unveils “All In All, Everything ×2 – Category Month” Shopping Campaign
  • Nigeria’s Fintech Growth Hinges On Regulator–Operator Partnership, Stakeholders Say
  • NCC Moves To Strengthen Cybersecurity Framework As Telecoms Face Growing Threats
Facebook X (Twitter) Instagram
Digital Times NigeriaDigital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Digital Times Nigeria
Home » PalmPay Champions Responsible Gaming To Curb Fraud Among Sports Pundits in Nigeria
Blog

PalmPay Champions Responsible Gaming To Curb Fraud Among Sports Pundits in Nigeria

DigitalTimesNGBy DigitalTimesNG22 March 2024No Comments3 Mins Read55 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
PalmPay Gaming
Head of Biller Business Development at PalmPay, Wayne Ruppel (left), answering questions on “The Role of Payment Providers in Facilitating Secured Transactions in the Gaming Industry” at the Africa Gaming Expo 2024 in Lagos.
Share
Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp

At the Africa Gaming Expo in Lagos, leading Africa-focused fintech platform PalmPay called for the promotion of responsible gaming by stakeholders in the gaming industry to protect sports pundits from potential risks native to the industry.

The event, which took place in Lagos between March 12 – March 15, 2024, was a melting pot for gaming enthusiasts, regulatory bodies and digital payment platforms from Nigeria, South Africa, Kenya, Ghana, Uganda, Botswana and other African countries to promote responsible gaming across the continent.

A lineup of distinguished panelists from around the continent, including PalmPay’s Head of Biller Business Development, Wayne Ruppel, offered insights into the latest trends, innovations and challenges facing the gaming industry in Africa, with a focus on the need to promote responsible gaming among gamers on the continent.

Speaking on “The Role of Payment Providers in Facilitating Secured Transactions in the Gaming Industry,” Wayne expanded on what PalmPay was doing to raise awareness and protect gamers from potential fraud risks in the gaming industry.

“At PalmPay, our wallet is secure and has multi-factor security authentication features, including device-binding. This means there must be confirmation before a user logs into your account. When someone illegally tries to log into a user’s account, they’ll be required to identify themselves, including facial recognition.

“Also, among other security features and awareness programmes to promote responsible gaming, we run educational campaigns across our media channels to educate PalmPay users about the need to secure their wallets.

“Furthermore, we’ve optimized payout. Initially, people could create a betting account and use it to withdraw money into another betting account with a different name. With our name-binding feature, that is no longer possible. With this feature, the name on the account a user is withdrawing to must correspond with the name on the payout account,” Wayne said.

READ ALSO  From CES 2020 To Digital Africa Conference 2020: The Bell Continues To Ring For Africa

The focus on responsible gaming was apt for several reasons. Data compiled in 2023 by Dutch research firm Newzoo notes that Sub-Saharan Africa’s gaming industry would generate over $1 billion for the first time in 2024, signifying a buoyant market for gaming enthusiasts in the continent.

Also, Nigeria’s betting industry reached over $2 billion in 2020, with over 60 million Nigerians between the ages of 18 and 40 spending $5.5 million daily on betting, according to a 2023 report by the Orange Business Intelligence Technology (ORBIT).

As a digital payment platform of choice for gamers, PalmPay offers customers of the biggest betting companies in Nigeria secure and safe payment gateways to fund their betting wallets. The fintech platform recently signed up a strategic partnership with BetKing to promote responsible gaming in Nigeria.

With a population of over 200 million, Nigeria is Africa’s largest betting market. A National Sports Industry policy document released in 2023 noted that in over ten years, the betting industry would generate up to $4.7 billion in annual revenue, create 10 million jobs and generate between 1.5-3% of GDP.

This exponential growth in the gaming industry in Africa, with a population of over 1.4 billion people, means that more Africans between the ages of 18 and 40 are at risk of fraud and other security risks associated with the gaming industry. However, PalmPay’s multi-factor security authentication features can mitigate these risks.

#Fintech #Fraud #Gaming #Nigeria #PalmPay #Sports Pundits
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleBREAKING: Access Bank To Acquire National Bank Of Kenya
Next Article Nigeria Calls For Coordinated Approach To Regional Protection Of Undersea Cables
DigitalTimesNG
  • X (Twitter)

Related Posts

Nigeria’s Fintech Growth Hinges On Regulator–Operator Partnership, Stakeholders Say

2 September 2025

Minister Jeff Melodi: A Vessel Of Worship, A Messenger Of Hope

21 August 2025

From Radio Waves To Real Impact: Osasenaga Usoh On AI, FasTutorAI, And The Future Of Learning

21 August 2025

PalmPay & Glo Recharge Campaign Winners Emerge

20 August 2025

Tech Tools Nigerian Startups Can Use To Boost Efficiency As They Scale

15 August 2025

PalmPay Partners AXA Mansard To Offer Nigerians Affordable Digital Health Insurance

11 August 2025

Comments are closed.

Categories
About
About

Digital Times Nigeria (www.digitaltimesng.com) is an online technology publication of Digital Times Media Services.

Facebook X (Twitter) Instagram
Latest Posts

Just In: MTN Apologises As Fibre Cut Cripples Services In Enugu, Benue States

6 September 2025

Nigeria Must Claim Its Seat In Global AI Economy, Experts Warn At GITEX 2025

4 September 2025

NITDA DG Calls For Pan-African AI Collaboration At GITEX Nigeria 2025

3 September 2025
Popular Posts

Building Explainable AI (XAI) Dashboards For Non-Technical Stakeholders

2 May 2022

Building Ethical AI Starts With People: How Gabriel Ayodele Is Engineering Trust Through Mentorship

8 January 2024

Gabriel Tosin Ayodele: Leading AI-Powered Innovation In Web3

8 November 2022
© 2025 Digital Times NG.
  • Advert Rate
  • Terms of Use
  • Advertisement
  • Private Policy
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.