Technology – Eavesdropper online

23 Sep

PalmPay Launches USSD Service, Enhances Financial Access and Security for Nigerians

Esther Komolafe0 CommentsTechnology

PalmPay, a leading fintech platform, has introduced a USSD code (*861#) to provide Nigerians with enhanced financial access and account security, even without internet connectivity. The service allows customers to perform various banking transactions, including money transfers, bill payments, and credit services. This launch aligns with PalmPay's mission to bridge the digital access gap and promote financial inclusion. Chika Nwosu, Nigeria Managing Director, emphasized, "Our USSD service ensures seamless connectivity for our users, and its security feature allows customers to remotely freeze their accounts in case of loss or theft." PalmPay has achieved significant milestones in Nigeria, with…

01 Sep

Palmpay Introduces Priority Payment Method for Seamless Transactions

Esther Komolafe0 CommentsTechnology

Palmpay, a leading fintech platform, has launched an in-app payment feature called Priority Payment method to simplify transactions for its users. This innovative feature allows users to select their primary payment method for multiple payment options, including airtime/data top-up and bill payments. According to the company's management, the Priority Payment method aims to address the challenges of urgent transactions, such as topping up airtime during an important call. The feature enables users to prioritize their payment methods, ensuring seamless transactions. Key features of the Priority Payment method include: - Choosing airtime/data top-up and bill payment as the first selected option…

26 Aug

PalmPay Advocates for Collaboration and Innovation to Drive Financial Literacy in Underserved Communities

Esther Komolafe0 CommentsTechnology

PalmPay, a leading Africa-focused fintech platform, has emphasized the importance of collaboration and innovation among banks and fintechs to drive financial inclusion in underserved communities. Speaking at the Nigeria Fintech Forum, Chibuzor Melah, Head of Partnerships at PalmPay, highlighted the company's success in reaching the unbanked through data-driven insights and collaborative efforts with other financial sector players. Melah noted that while formal financial inclusion in Nigeria has grown significantly from 56% in 2020 to 64% in 2023, according to the EFInA Access to Finance (A2F) Survey 2023 report, more collaboration is needed to drive financial literacy in the last mile.…

25 Jul

Nigeria’s Insecurity: A Call to Embrace Security Technology

Esther Komolafe0 CommentsBusiness, Technology

Despite the country's precarious security situation, Nigerians have yet to fully adopt globally recognized security engineering technology to combat crime and protect lives and assets, according to Dr. Mustapha Kazeem Lusty, a prominent security engineer. In an exclusive interview with People's Forum Magazine/Online, Dr. Lusty, Managing Director/CEO of Kontz Engineering Limited, highlighted the mindset of a typical Nigerian when faced with insecurity. He noted that most people turn to spiritual powers, prayer, or physical security measures, such as policemen, rather than technology. Dr. Lusty emphasized that security engineering technology can empower individuals to monitor and control their environment, receiving…

22 Jul

Kontz Boss: Maintaining Quality Makes Business Tough

Esther Komolafe0 CommentsTechnology

The Managing Director/Chief Executive Officer of Kontz Engineering Limited, Dr. Mustapha Kazeem Lusty, has revealed that maintaining quality and adding value to their services has made business tough for the company in the Nigerian security engineering industry. In an exclusive interview with Eavesdropper Online Dr. Lusty noted that while business has been good, the company's refusal to compromise on standards has affected some business opportunities. "We have opportunities, but there are some things we cannot compromise about. We have to fight price and fight competition," he said. Dr. Lusty explained that the company often encounters challenges with customers who have…