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ValuCard Makes Money Transfer Easy with V-Money

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ValuCard Nigeria (VCN) Plc has unveiled the V-Money Transfer, to enthrone cashless transactions and reinforce their leadership role towards a cashless economy.
Kyari Bukar, managing director, disclosed that the growing wave of impersonation in existing money transfer services, robberies, quest for a quick, safe, secure and convenient money transfer solution were the major reasons the company is launching the service which is the first of its kind.
Kyari noted that over the years, globalization and emigration of Nigerian professionals to more developed economies have resulted in a huge demand for quick, safe and secure money transfer service.
He disclosed that one of the unique advantages of the service over other money transfer services is that Visa Cardholders abroad can transfer funds to their loved ones online, from the convenience of their homes, without going to an agent’s shop while the recipients in Nigeria can collect the monies outside banking hours and without the inconvenience of presenting any form of identification at bank branches or the risk of identity theft.
Kyari said that transfer of funds will be done online using “Verified by Visa” (VbV), the secured Internet payment solution licensed by Visa International and deployed by ValuCard Nigeria Plc; while assuring that the system will protect international Visa cardholders against unauthorized use of their card. 
He added that the system is foolproof as transfers will be validated using intelligent and secure payment solutions developed by ValuCard and Visa, thereby eliminating the risk of fraudsters collecting the money. Transfers, according to him, are in favour of only existing bank customers that are Visa and V-Pay cardholders, and whose banks subscribe to the V-Money Transfer service. Thus, the risk of making payment to unknown persons is eliminated, thereby saving the banks and their valued customers, undesirable loss.
While fielding questions from the press, Agada Apochi, executive director of the company said recipients are enabled to receive and use money outside banking hours by using their Visa or V-Pay cards to buy goods and services or collect Naira from ATMs.
This he said would be facilitated by online-real-time instant credit to the recipient’s card and notification, and he/she may also collect Dollars during banking hours. He pointed out that in addition to the product’s unique security features and convenience; it is highly cost effective to senders, and the service will be provided through a secure and dedicated website already developed by VCN Plc.
In retrospect, Ben Edafiadjebre, business development manager, VCN Plc said: “From a small-scale level in 1993, money transfer has become big business in the country. The money transfer industry is now highly ICT-driven deploying the use of the Internet to move money all over the world. Our V-Money Transfer solution operates beyond limits and knows no boundaries.”
He added that the introduction of their world-class solution coming at this time is a huge relief for Nigerians living in the Diaspora wishing to send money to support their families, invest in businesses and execute projects in Nigeria.
Giving an insight into how the service will work, Musa Jimoh, head of information technology, explained that the transfer channel which is a dedicated website has been built with modern information technology that guarantees round-the-clock availability.
He assured that transactions at the website will be authenticated using the well known VbV, which runs on the 3D secure protocol. This ensures that the cardholder using his card for transaction on the Internet, the bank that issued the card and Visa International are involved in the authentication and authorization of the transaction for the purpose of risk management.
He also informed that in order to avoid payment of funds to fraudsters, all transfers for the benefit of the cardholders will be through the bank where the cardholder already maintains an account and obtained Visa or V-PAY card.
“To enjoy the service, recipients must obtain their Visa or V-PAY card from only banks that subscribe to V-Money Transfer.”

 


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Kaspersky Warns of a New Phishing Technique Leveraging Bubble, a no-code AI Platform

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Kaspersky has discovered a new phishing tactic used to evade traditional security controls that exploits Bubble, a platform that allows users to build web and mobile applications through a visual interface without writing code.

Attackers are increasingly adopting innovative tools designed for legitimate software development and repurposing them to boost phishing campaigns.

Traditional phishing attacks often rely on malicious links or obvious redirection techniques, which are typically flagged and blocked by modern security systems.

However, attackers are now leveraging Bubble’s no-code environment to generate intermediary web applications which are hosted on Bubble’s legitimate infrastructure and trusted domains such as *.bubble.io, which improves their credibility and helps them bypass security filters.

These applications function as disguised redirectors, silently forwarding victims to malicious credential-harvesting websites.

In the observed campaign, victims were ultimately redirected to a convincing imitation of a Microsoft login page, protected by a Cloudflare verification layer designed to further obscure malicious intent.

This technique is likely being integrated into broader phishing-as-a-service (PhaaS) platforms and phishing kits. These kits enable a wide range of malicious capabilities with ready-made tools, including real-time interception of session cookies, driving phishing campaigns through legitimate services such as Google Tasks and Google Forms, and carry out adversary-in-the-middle (AiTM) attacks that can bypass multi-factor authentication.

They also support the generation of phishing emails using AI, implement geo-filtering and anti-detection mechanisms to evade security crawlers and are often hosted on reputable cloud services like AWS to avoid blacklisting.

“The use of legitimate platforms like Bubble introduces a new level of trust abuse, making it harder for both users and automated systems to distinguish between safe and malicious content. This significantly increases the likelihood of credential theft, unauthorised access and potential data breaches,” comments Roman Dedenok, Anti-Spam Expert at Kaspersky.

 

 


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NITDA Takes Over National Digital Architecture System

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Nigeria has taken a major step toward strengthening its digital governance framework as the National Information Technology Development Agency (NITDA) officially assumes control of the Nigeria Government Enterprise Architecture (NGEA) infrastructure.

NITDA Takes Over National Digital Architecture System

The handover ceremony held in Abuja, marks the culmination of a high-level partnership with the Korea International Cooperation Agency (KOICA).

This transition signals a shift from fragmented IT projects to a unified, disciplined approach to national digital investment.

The NGEA initiative forms a core part of the e-Government Masterplan 2.0 (Ne-GMP 2.0), aimed at establishing a unified and structured approach to managing government IT investments and digital resources.

The framework is designed to ensure that technology deployment across public institutions aligns with national priorities while improving efficiency and accountability.

With the system now operational, government agencies are expected to adopt more integrated digital processes, allowing seamless data sharing and interoperability.

This is anticipated to reduce duplication, strengthen risk management, and translate policy objectives into measurable digital outcomes.

Over the past two and a half years, Nigerian technical experts worked closely with their Korean counterparts to develop the architecture framework, create reference models, and execute pilot programmes in key institutions.

These include the National Identity Management Commission, Nigeria Customs Service, Nigeria Immigration Service, and NITDA.

Officials say the NGEA represents a shift from fragmented digital efforts to a more coordinated, citizen-focused system.

The infrastructure is hosted by Galaxy Backbone Limited, providing a secure and reliable platform for nationwide deployment.

Looking ahead, NITDA is expected to work with government stakeholders to expand and sustain the system, while the Federal Ministry of Communications, Innovation and Digital Economy will provide policy guidance to ensure its adoption across the country.

 

 


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FG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion  – Minister

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Bosun Tijani, minister of Communications, Innovation and Digital Economy, has said the government is shifting focus from expanding access to ensuring “meaningful connectivity” that drives economic growth and inclusion.

FG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion  - Minister

Bosun Tijani, minister of Communications, Innovation and Digital Economy

The minister made the statement on Friday while addressing stakeholders at the inauguration of board members of the Universal Service Provision Fund (USPF) in Abuja.

He said that although Nigeria had made significant progress since the introduction of GSM services, millions of people, particularly in rural and underserved communities, remain either unconnected or unable to fully benefit from digital services.

Dr Tijani highlighted ongoing investments in digital infrastructure, including plans to deploy 90,000 kilometres of fibre optic network and nearly 4,000 telecom towers nationwide.

He said initiatives under the USPF had improved access through projects such as rural connectivity and digital facilities in schools but stressed that the next phase must prioritise effective usage.

“It is not enough to connect a community. We must ensure that schools can teach with digital tools and that small businesses can access market opportunities,” he said, citing a pilot project in the Kura community where connectivity has enhanced access to communication, education and healthcare.

Aminu Maida, executive vice chairman, Nigerian Communications Commission (NCC) also called for a shift towards meaningful connectivity, noting that while data usage had grown significantly, it remained concentrated in urban areas.

According to him, recent data shows that telecom usage has increased by about 160% over the past two years, largely driven by urban demand.

“When we drill down, we see that a lot of that growth is actually in urban centres. So, the gap between those who are not connected or not meaningfully connected is growing,” he said.

Dr Maida added that the trend underscored the need for the USPF board to intensify efforts to bridge both access and usage gaps across the country.

Both officials emphasised the importance of collaboration, sustainable investment models and improved digital literacy to ensure that connectivity translates into real economic benefits for Nigerians.

 

 


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