High-security Risk Elements in Nigerian Fintech and Shopping App – Report 2022 – Investors King Ltd

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on pinterest

Nigeria has some of the most common fintech and shopping app security vulnerabilities.
Published
on
By

African Start-ups Tripled, Fintechs Alone Realises $6 Billion Revenue
Soft POS User Base to Grow 475% Globally by 2027
Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.
Nigerian Fintech Startup, NowNow Raises $13 Million In Seed Round
Fintech Company Chipper Cash, Launches “African To The World” Campaign Ahead Of The WorldCup
Nigeria-based Fintech Company, Cudium Launches Cross-Border Payment Platform
Nigeria Point Of Sale Transactions Increased by 39% to N8.3 Trillion
Flutterwave to go Public on Nasdaq Through Initial Public Offering
Cybersecurity Unicorns Projected to Reach an All-time High in 2022
Be Mobile Africa has launched in South Africa to target the unbanked and Underbanked in the country by offering ‘low to no-fee banking products through its app.
Published
on
By
Despite the surge in financial services in Africa, which is disrupting the banking industry and changing the way people manage their money, yet, about 1.7 billion adults globally are still unbanked.
With a mission to lift 100 million people out of poverty through financial inclusion, Canada-based Neobank, Be Mobile Africa has launched in South Africa to target the unbanked and Underbanked in the country by offering ‘low to no-fee banking products through its app.
The company aims to accelerate financial inclusion throughout Africa by delivering innovative digital banking solutions to serve its users.
By opening a Be Mobile Africa account, customers can hold, send and receive funds in multiple currencies including USD and EUR, send money abroad in seconds, and earn 5% interest per annum in USD and EUR with Be Mobile Africa’s savings offering.
Also, customers can transfer and request money instantly and at no cost from anyone in the Be Mobile Africa network and exchange currencies with low FX fees.
With no monthly account fees, minimum balance requirements, or dormant account fees, the company offers an attractive alternative for those overlooked by traditional banks.
“We are incredibly excited to be launching our services in South Africa. This is an important market for us and we believe there is great potential for growth,” says CEO & co-founder Dr. Cédric Jeannot.
He added that one of the primary goals of Be Mobile Africa is to provide access to financial services for everyone in Africa.
Be Mobile Africa’s mobile app is currently available for both Android and iOS devices, and it offers a variety of features that make managing finances easier than ever before.
In addition to its mobile app, the company is planning to launch its business offering soon.
Be Mobile Africa is currently available in 30 African countries and plans to expand into additional markets in the future.

African cross-border payment company Chipped Cash has launched the “Africa to the world” campaign.
Published
on
By
With the preparations for the 2022 Fifa Worldcup in top gear, African cross-border payment company Chipped Cash has launched the “Africa to the world” campaign.
This campaign aims to send football fans from three African supporter clubs to experience the 2022 FIFA World Cup that will be held in Qatar.
This campaign aims to fundraise over USD 50,000 to provide selected fans with travel, accommodation, and entry tickets to the matches of the three qualifying African teams Cameroon, Ghana, and Senegal that are participating in the tournament.
The fintech company has already set the ball rolling, and has already taken the lead by injecting USD 30,000 into the fundraising campaign.
Vice President of Global Marketing at Chipper Cash Hasan Luongo disclosed that as a brand, the company is seriously rooting for the success of African teams in the 2022 FIFA World Cup.
In his words;
“As a brand deeply embedded in Africa, we are rooting for the success of African teams in this year’s competition.
The “Africa to the World” initiative will make it possible for lucky fans to be there to experience the wonder of the World Cup and cheer their teams as they take on the rest of the world”.
It is interesting to note that Chipper cash has already partnered with Senegalese-born French football legend Patrice Evra as their Global Ambassador to rally support.
“We’re so proud that Patrice Evra, a celebrated football giant who has graced the World Cup twice, has joined the Chipper family,” adds Hasan. “We’re confident that, if everyone chips in, we’re sure to meet our goal in no time and can help fill the stadiums of Qatar with the legendary spirit of African supporters.”
Hasan notes that in the past two years, the pandemic, global conflicts, and inflation have brought socio-economic challenges to Africans as a whole, and the campaign presents an opportunity to bring fans together again through the power of sport.

Nigeria-based Startup Company, Cudium has launched a cross-border app, built to solve the problem of international payments.
Published
on
By
Nigeria-based Startup Company, Cudium has launched a cross-border app, built to solve the problem of international payments.
There is no disputing the fact that a lot of Nigerians are faced with challenges in making foreign transactions, most especially remote workers, which affects their day-to-day activities.
Some students of the Obafemi Awolowo University (OAU) have identified the challenges that Nigerians are usually faced with the issue of cross-border payment.
In a bid to solve this problem, they have taken a giant step by launching a financial solution platform Cudium.
This fintech app will ensure that users make safe, easy, fast, and affordable cross-border payments.
Cudium acknowledges that there are a thousand and one fintech solution providers out there, however, Cudium isn’t just a solution provider app, it also serves as a marketplace for the peer-to-peer trading of money ‘fiat’.
Cudium is coming out as the first payment platform with a decentralized marketplace that places the power to negotiate in the hands of the users.
Speaking with journalists at the launching of the startup on September 1st, 2022, the Founder and Chief Executive Officer of Cudium, Adejumobi Abdulrahman disclosed that the app was launched to end the hassle faced by Nigerians in receiving international payment.
In his words;
“we are declaring an end to the struggle and hassle of international money exchange and payments. We have identified this gap and believe no one should be bigger than the market, we are putting this as a stopgap solution.
“This is a declaration that you will be able to send, receive, convert and trade foreign currencies seamlessly as a Nigerian”.
The Chief Marketing Officer, Osungbade Akeem Wizeman projected that the world saw cross-border transactions grow from $29 trillion in 2019 to around $39 trillion in 2022.
“There’s a yearning market and we are glad to be providing this absolute solution, this is a solution, like no other, we are the first ever to do it this way”
The Chief Operations Officer, Idowu Kayode Elvis in his remarks said, “we have a team of seasoned professionals who have studied these multifaceted problems faced by Nigerians in making cross-border payments, we work every day to put an end to this problem and we are glad to be here, we have a whole lot in cover, Cudium is here to make a change”.
It might interest you to know that Obafemi Awolowo University has on countless occasions had students/alumni who have developed innovative start-up companies, as Cudium is just one among many innovative solutions start-ups that have sprung up from students of the great Nigerian University.
The likes of Jobberman, Nairaland, Cowrywise, and Bumpa, some of whom have been leading the African tech ecosystem, have alumni of Obafemi Awolowo University as the founders.




(adsbygoogle = window.adsbygoogle || []).push({});

Apple Gains Momentum In Digital Ads Market, Set To Disrupt Google And Facebook Duopoly
Oyebanji Fehintola Joins CFA Board of Governors
Nigeria’s Internet Subscription Rises to 208.6 Million In July 2022
16 Percent of Nigeria Privatised Companies Are Non Performing
Nigeria’s Startup, Grey Raises $2M for Regional Expansion, Cross Border Payments
Naira to Dollar Rate Today September 07, 2022
Flutterwave to go Public on Nasdaq Through Initial Public Offering
Nigeria-based Fintech Company, Cudium Launches Cross-Border Payment Platform
COPYRIGHT 2022 | INVESTORS KING LTD | NIGERIA

source

Leave a Replay

Sign up for our Newsletter

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit