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Home » PalmPay Management Visits NFIU, Reaffirms Commitment To A Secure Digital Economy
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PalmPay Management Visits NFIU, Reaffirms Commitment To A Secure Digital Economy

During a high-level visit to the NFIU, PalmPay outlined plans for close collaboration with the agency, including knowledge-sharing initiatives, stakeholder training programs, and innovative solutions to address emerging threats in the digital payment space.
mmBy Rommy Imah6 December 2024No Comments2 Mins Read112 Views
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PalmPay
From 4th Left - Obiamalu Felix, General Council, Nigerian Financial Intelligence Unit; Hafsat Abubakar Bakari, Director and Chief Executive Officer, NFIU; Chika Nwosu, Managing Director, PalmPay, and Donald Ubeh, Head, Risk and Compliance, PalmPay during a courtesy visit to the Agency last week.
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News Highlights:

  • PalmPay reaffirmed commitment to fighting financial fraud
  • The fintech company entered into proactive collaboration with NFIU

PalmPay, a leading fintech company in Nigeria, has reaffirmed its commitment to fighting financial fraud using advanced technology.

This commitment was highlighted during a high-level courtesy visit by the company’s Managing Director and management team to the Nigerian Financial Intelligence Unit (NFIU).

Addressing the growing prevalence of fraud in the country, Chika Nwosu, Managing Director of PalmPay Limited, stressed the need for robust collaboration between fintech companies and government agencies.

“At PalmPay, we believe that a secure financial ecosystem is the foundation for a thriving digital economy,” he stated.

“Our partnership with the NFIU underscores our dedication to supporting Nigeria’s anti-fraud and anti-money laundering (AML) efforts. Together, we aim to ensure a safer digital experience for all Nigerians.” 

Nwosu also highlighted the significant rise in electronic payment transactions across Nigeria’s financial system, underscoring the importance of proactive measures to address emerging threats. 

PalmPay reaffirmed its support for the NFIU’s mission to safeguard the country’s financial infrastructure, and outlined plans for close collaboration with the agency, including knowledge-sharing initiatives, stakeholder training programs, and the development of innovative solutions to combat fraud in the digital space. 

Hafsat Abubakar Bakari, Chief Executive Officer of the NFIU, commended PalmPay for its proactive approach to financial security and its commitment to aligning with national and international regulatory frameworks.

She emphasized the importance of continuous collaboration between private sector players and government institutions in the fight against financial crimes. 

PalmPay’s visit to the NFIU reflects its vision of contributing to a secure, transparent, and inclusive financial ecosystem in Nigeria.

READ ALSO  How PalmPay Simplifies Payments With Zero Bank Transfer Fees On All Transactions

As a fintech leader, PalmPay remains steadfast in its mission to create a digital economy where trust and security drive growth and innovation.

#Digital Economy #NFIU #PalmPay
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Rommy Imah
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Rommy Imah is Founder/Editor of Digital Times Nigeria (www.digitaltimesng.com). He has been in active journalism in over two decades with a bias for technology and business reporting. He is particularly passionate about technology and how it can be used to transform human life, businesses and services.

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