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NowNow Says ‘Ditch Traditional Leather Wallet’ as Mobile App Goes Live

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NowNow, has launched an innovative consumer mobile wallet (M-Wallet) to boost financial inclusion in the country.

NowNow, a mobile wallet offering from Contec Global InfoTech Limited is a PCI DSS compliance platform which ensures all transactions are secure and certified by Commodo SSL.

Mr. Sahir Berry, the managing director of NowNow told Nigeria CommunicationsWeek that the m-wallet has been unleashed as an app for doing payments recharges and transfer money electronically.

The wallet, Nigeria CommunicationsWeek learnt, can be opened against a mobile number, First Name and Last Name. You can use the service if you have a smartphone and internet access to the phone. The NowNow Wallet is easy to use, safe and having faster payment process.

The NowNow wallet aims to eradicate the habit of keeping traditional leather wallets.

“The NowNow wallet, “allows user to perform mobile recharge, bill payments, money transfer to bank accounts, Peer to Peer transfer very quickly directly from the pre-funded wallet without entering the card details every time before performing the transaction.

“You don’t have to carry your leather wallet full of debit cards. Every time you don’t have to put your card details for every payment which is actually minimizing the risk of exposing your full bank account, unlike using a Bank app or USSD code especially at smaller merchants you may not be comfortable exposing your card or bank account details or for performing simple transactions like Mobile Recharge, Pay TV, Money Transfers”.

He said that over a period of few months’ consumers will be able to use NowNow wallets for payments at offline and online merchants.

“Moreover, when you pay using our wallet you will get cash back for every transactions or you may get a free discounted coupons usable at eatery, shoe shop, saloon, boutique redemption of the coupon may end up making your transaction absolutely free,”

Mahesh Nair, chief operating officer of the company, further explains he is optimistic about the future of mobile wallets in Nigeria in the coming years. As more people go mobile and embrace the newer and faster ways of making payments from mobile wallet.

Speaking further, the MD said that by using NowNow Wallet (App) customers stand to get “Hassle free fast, secure transaction procedure; cash back or discount coupon on every transaction; limiting your exposure to your direct full bank account to all merchants, especially for smaller transactions and monitor and keep a control on your daily expenses.

Other Specialities:
The NowNow app allows the unbanked easy access to financial services. Users gain access to a wide variety of financial and value added services which include but is not limited to being able to;

Receive Money Using Only a Phone Number
Send a request for money that allows people to pay you with a simple tap. Whether you’re collecting money for a group dinner or contributing to a friend’s upcoming nuptials, we make it easy for everyone to send and receive money.

Generate a QR Code and request for money is a very easy functionality available on the app.

Send Money Within Seconds
Send money to anywhere in Nigeria in just seconds. Send Money to NowNow wallet holders in the country using their mobile number.

Transfer Money and Cash Out at NowNow Agent point without an account number.

Transfer Funds to Bank Accounts
With your NowNow wallet you are able to transfer money to any bank account in the country and the money will be delivered to recipient’s account in minutes any day, anytime 24x7x365.

Pay Utility Bills with No Delays
Renew your subscription with your favourite pay TV and internet service provider. You can also take care of your electricity bill using your NowNow wallet. Merchants you can make payment using your NowNow wallet include but is not limited to GOtv, DStv, StarTimes, Consat, Smile Networks, Spectranet, Swift Internet, IkejaElectric.We can even buy itune credits, good play, xbox, skype credits and much more.

NowNow, Nair said, is constantly working to add more merchants and billers on the platform.

Purchase Airtime/Data
Recharge: Now stop scratching heads on scratch cards and USSD for recharging your airtime and data packs. You can easily recharge from anywhere and anytime and happily continue with our phone calls with our loved ones using NowNow Wallet.

Creating A NowNow Wallet
So now you don’t have to take the stress of carrying and paying by cash for any transactions the mobile wallet can be used for all types of transactions.

Over a period of time the wallet will be accepted at all online and offline merchants the idea is to promote wallet transactions.

Funding Your NowNow Wallet
You can fund your mobile wallet through any of the following ways: at any NowNow agent outlet; using the internet banking platform. At Bank branch, using your debit/credit card.

How It Works: Select phone number from your contact list; create a beneficiary list for recipients of your most frequent transactions; send and request money from using QR code; earn rewards for every transaction performed.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

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Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.

A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.

To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.

All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.

The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.

Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.

These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.

Continuous monitoring becomes the leading SOC requirement

Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.

Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.

Human expertise drives SOC technology choices

While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.

Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).

“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.

“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.

 


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Nigerian Terra Industries Secures $11.8m for Expansion

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Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.

Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.

Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.

The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.

Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.

He said safeguarding critical infrastructure from terrorist threats has become unavoidable.

Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.

The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.

Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.

With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.

While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.

 


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Kaspersky Warns Telecom Threats from 2025 will Carry into 2026 as New Technology Adds New Risk

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Kaspersky Security Bulletin reviews what shaped telecom cybersecurity in 2025 and what is likely to persist in 2026. Advanced Persistent Threat (APT) activity, supply-chain compromise, DDoS disruption and SIM-enabled fraud continued to pressure operators in 2025, while newer technology deployments introduce additional operational risk.

In 2025, telecom operators faced four broad threat categories. Targeted intrusions (APTs) continued to focus on gaining stealthy access to operator environments for long-term espionage and leverage through privileged network positioning.

Supply chain vulnerabilities remained an entry point: telecom ecosystems rely on many vendors, contractors and tightly integrated platforms, so weaknesses in widely used software and services can provide a path into operator networks. Finally, DDoS remained a practical availability and capacity problem.

Kaspersky Security Network showed that last year, between November 2024 and October 2025, 12,79% of users in the telecommunications sector encountered web threats and 20,76% faced on-device threats. 9,86% of telecom organisations worldwide experienced ransomware.

At the same time, the telecommunications sector is moving from rapid technological development to broad implementation — and the report argues that this shift creates new opportunities and new operational risks for 2026.

Kaspersky highlights three areas where technology transitions could introduce disruption if rolled out unevenly or without strong controls: AI-assisted network management, where automation can amplify configuration errors or act on misleading data; post-quantum cryptography transitions, where rushed deployment of hybrid and post-quantum approaches could cause interoperability and performance issues across IT, management and interconnect environments; and 5G-to-satellite integration (NTN), where expanding service footprints and partner dependencies introduce new integration points and potential failure modes.

“The threats that dominated 2025 — APT campaigns, supply chain attacks, DDoS floods — aren’t going away. But now they intersect with operational risks from AI automation, quantum-ready cryptography, and satellite integration.

Telecom operators need visibility across both dimensions: maintaining strong defences against known threats while building security into these new technologies from day one. The key is continuous threat intelligence that spans from endpoint to edge to orbit,” said Leonid Bezvershenko, senior security researcher at Kaspersky Global Research & Analysis Team.

 


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