Telecom
Why PalmPay Is Playing Big in the Digital Banking Space- Chika Nwosu
PalmPay, a leading Africa-focused fintech platform, has said that the future of money is now; therefore, the company has put in place adequate infrastructure, and the right measures to ensure that its millions of customers are guaranteed adequate security.
Speaking while making a presentation titled “Future of Money, Security, Customer Experience (CX)” at the Africa Tech Alliance (AfriTECH 3.0) held at The Providence Hotel, Ikeja GRA, last week, Mr. Chika Nwosu, the Managing Director of PalmPay, said that besides the operator putting the right things in place, the consumers also must the aware of how to protect themselves.
Nwosu who was represented at the Forum by Temitayo Oduwole, Head of IT and Payments at PalmPay, recounted the origin of money and its evolution to this moment and said that people are gradually moving away from paper money, where physical cash transactions are made, to what is today known as digital money where online and digital transactions now hold sway.
“All the services that we need are driven by technology, even the medium of exchange is also driven by technology. And the future of money right now is digital. If you look at the before and the now, right now because money has gone digital, we are experiencing a kind of transformation in the digital space. In terms of convenience, in terms of the ease of payment, that is what the future of money holds and that’s what we’re getting right now.
“I’m sure most people don’t even go around with cash again. Any transaction that you want to do, you can easily do that transaction on your phone, using your mobile wallet, using your card. So that is how money has transformed from being a cash-oriented medium to a digital medium right now,” he said.
Nwosu said PalmPay was prepared for this new regime of money and put a lot of robust infrastructure in place for risk management aimed at balancing the user experience with security in its app, adding that it has ensured that at any point in time, it puts measures in place that forestall a customer’s account being compromised.
“We have an AI in place, a logic that understands the pattern of your account, the pattern of your transaction. If it sees that somebody is doing something irrational or something out of the ordinary that you do on a normal day, because of the pattern that we’ve been able to build, we can block that transaction.
“And because we’re also going to have to look at technology-as-a-service, rather than having our infrastructure on prep, we’re having our infrastructure on the cloud. These are things that speak to infrastructure as a service, and technology-as-a-service, and are driving our reliability and sustainability today,” Nwosu said.
Nwosu admitted that though digital money is essential due to its speed, convenience, and accessibility, it also comes with its own threats and its own security challenges, especially in the face of nefarious activities around cybercrime.
“There are different channels by which people can access their money. However, in accessing this money, there is a potential challenge of having your funds being taken over by some people that you don’t want them to have access to it. There are lots of things happening around the future of money in terms of safety and in terms of security.
“We have online fraud. We have a local simulation. Identity theft is on the rise. We are being infused into devices, into servers. We have phishing in which e-mails are sent to deceive you to believe that the e-mails are coming from a genuine source. These are things that can affect or impact the digital money currency.
“The most important thing, again, is that at any point in time, as much as we are creating the environment to make sure that fraud is actually reduced in terms of cyber security, we are addressing all the things that need to be addressed so that from a digital money perspective, we are able to access the money without any fear. We can do a transaction without any fear.
“It’s also very important to understand that any time a fraud happens, a notification is very important. Next slide, please. Lack of security awareness is top of the reasons why consumers are scammed or defrauded.
“And what we try to do in PalmPay is to raise that awareness, to let our customers know that their personal information is only personal to them,” he said.
The Managing Director stated that lack of knowledge to protect personal information, patronizing fake sites and social media pages, and attempts or pivots on unofficial channels, are some of the things that could lead to customers being scammed or defrauded.
On PalmPay’s approach to enhancing customer security on its app, Nwosu said over the past four years it has been in the Nigerian market, it has been able to marry security with customer experience, which has remained the attraction to its brand.
“What we’ve done is binding. Your phone is bound such that even if you change your phone, you put in your credentials, and there’s an OTP that has been sent to revalidate and authorize the customer who is trying to do that transaction.
“One of the other things that we’ve also done to make sure that our customers are well protected is to have an inactive session set up.
“An inactive session has to do with if you’re not doing anything on your app, then it’s time out. It doesn’t give room for people to have access to that phone or your mobile app and try to do something. Because if you keep the mobile app up, anybody could actually have access to it, and they could do any transaction.
“Not to forget the fact that for every transaction that you do as well, it’s been enabled. We have a metric just to make sure that it is the right person that is accessing your account at any point in time,” Nwosu concluded.
TD Africa, Sub-Saharan Africa’s leading technology distributor, has once again raised the bar for the continent’s digital transformation journey by attaining the ISO 42001 (Artificial Intelligence Management Systems) and ISO 27701 (Privacy Information Management Systems) certifications.
These globally recognized certifications, which set the highest benchmarks for responsible AI deployment and data privacy, position TD Africa as a pioneer in preparing Africa for an AI-powered future.
Speaking on the milestone, Mrs. Chioma Ekeh, CEO of TD Africa, stated: “These certifications are not just badges of compliance; they reflect our deep commitment to building Africa’s digital resilience with trust, governance, and accountability at the core. At TD Africa, we believe Africa must not remain a passive consumer of global innovation but must actively shape and co-create solutions that reflect our unique realities. From financial inclusion to agriculture, healthcare, and digital governance, AI presents limitless opportunities—our role is to ensure Africa is prepared to harness them responsibly.”
ISO 42001 provides the world’s first governance framework for the ethical and transparent deployment of artificial intelligence, ensuring solutions align with human values and global best practices. On the other hand, ISO 27701 guarantees that TD Africa manages personal data with unmatched integrity and security. This is an essential pillar in a time where data privacy is increasingly under threat.
For nearly three decades, TD Africa has anticipated and shaped the future of technology on the continent, not by chasing trends, but by building enduring structures. Beyond its certifications, the company has invested in world-class infrastructure, resilient distribution systems across 47 African countries, and a thriving technology ecosystem. Its TecHerdemy program has empowered over 400 women in technology, further cementing its position as a catalyst for inclusive digital growth.
With trusted partnerships with global technology leaders, TD Africa has consistently delivered on its promise to bridge global innovation with African realities. The attainment of these ISO certifications reinforces its ability to responsibly distribute and support advanced AI technologies across its vast network of resellers.
As the world prepares for the dawn of Artificial General Intelligence (AGI) with breakthroughs such as GPT-5, TD Africa is ensuring that Africa is not left behind. The certifications demonstrate the company’s readiness to give Africa not just access to innovation, but the muscle, discipline, and confidence to use it sustainably.
“This achievement is not just about TD Africa,” Mrs. Ekeh added. “It is a milestone for Africa. The global AI conversation cannot be left to Silicon Valley or Beijing alone. Lagos, Nairobi, Accra, Kigali, and Johannesburg must also have a strong voice. And TD Africa is proud to amplify that voice. We are no longer waiting for tomorrow to happen; we are preparing tomorrow, today.”
With this bold move, TD Africa has reaffirmed its legacy of leadership in technology distribution, while signaling a new era where Africa plays a decisive role in the global digital renaissance.
If there’s one thing we can all agree on, it’s this: life today runs on data. From morning Instagram scrolls to Zoom classes and late-night Netflix binges, we’re constantly plugged in, streaming, scrolling, and sharing. But if you’ve ever wondered, “Why does my data finish so fast?” or seen that dreaded low-balance pop-up just when you need it most, you’re not alone.
At MTN’s Customer Engagement Day 2025, Ugonwa Nwoye, MTN’s Chief Customer Relations and Experience Officer, addressed this reality in a way that felt both practical and deeply relatable. She spoke about how essential data has become, calling it the lifeblood of modern living. “If you don’t have data in today’s world, you feel cut off. Isolated. That’s how important connectivity is,” she said, capturing how many of us feel when we’re disconnected even for a moment.
Her words struck a chord, especially as she shared candidly about her own experiences. She reminded everyone that many apps continue to run in the background, consuming data without our knowledge, and how video-heavy habits, such as endless TikTok reels or video calls, can quickly drain data bundles.
But the heart of Ugonwa’s message wasn’t just about the challenges; it was about empowerment. She emphasised that MTN’s goal is not simply to sell data but to help customers use it better. She explained how MTN is equipping people with the tools they already have on their phones to track usage, teaching simple ways to control consumption and sharing practical tips for managing apps more effectively. “We’re not just telling you your data is finished,” she said. “We want you to know how it was used and how to make it last longer. It’s about giving you control.”
What stood out most was her willingness to listen. Throughout the session, she engaged directly with real complaints and questions from the audience, from why smaller bundles seem to finish faster, to teachers who spend entire days on Zoom, to concerns about coverage in certain areas. Ugonwa addressed each one, acknowledging frustrations and committing to follow up. “We hear you. From data issues to service gaps, we’re taking notes and acting. Your hustle is important to us, and our job is to enable it,” she reassured the room.
Her approach made it clear that MTN isn’t shying away from customer concerns but leaning into them. In a world where data has become as necessary as food and water, Ugonwa’s session felt like a much-needed reminder that while technology connects us, what really matters is how well it serves the people who rely on it every day. As she closed, the message was simple but powerful: MTN sees you, it hears you, and it is working to make sure your digital life is not just connected but smarter and more empowering.
Paradigm Initiative is organising a capacity-building workshop to empower government prosecutors to prosecute cases committed through or facilitated by digital technologies, specifically examining new Artificial Intelligence (AI) trends in alignment with constitutional provisions and international human rights standards.
The two-day workshop in Abuja, Nigeria, is being held under the theme, “Prosecution in the Age of Artificial Intelligence.” It is organised by Paradigm Initiative with support of the Kingdom of the Netherlands under the Stemming the Tide of Abuse in Nigeria’s Digital Space (STANDS) Project. Drawing from new trends in the growing integration of artificial intelligence (AI) and digital systems into public administration and criminal investigations, it aims to find a balance through deep examination and understanding of how these technologies function, the new risks they pose, and the necessary safeguards to ensure that citizens’ fundamental rights remain protected.
This workshop comes at a crucial time, as criminal procedure laws have yet to fully catch up with the realities of the digital age and the evolving ways in which offences are committed. Increasingly, digital platforms are weaponised against victims, violating their privacy and exposing them to harm. With emerging technologies, these threats are becoming more sophisticated, placing mounting pressure on prosecutors to deliver results.
Speaking at the workshop’s opening, Khadijah El-Usman, Paradigm Initiative’s Senior Programmes Officer for Anglophone West Africa and lead on the workshop, highlighted that failure to build this capacity now risks widening the gap between the speed of technological change and the legal system’s ability to respond. This could lead to ill-equipped prosecutors, unintended violations of rights during investigations, and a further loss of public trust in the justice system.
She added, “By investing in targeted training, we can ensure prosecutors are not only keeping pace with emerging threats but are also positioned to advocate for evolving laws in the space.”
In his remarks, the deputy ambassador of the Kingdom of the Netherlands Embassy to Nigeria, Robert Sonnemans, praised the way in which Nigeria is embracing the digital age and the opportunities that come with it. “Artificial intelligence is a clear example of both promise and risk, holding immense potential to strengthen investigations and improve access to justice, but also pressing questions on how to ensure fairness and prevent bias or misuse.
The Deputy Director, Department of Public Prosecution of the Federation, Barrister Ali Baba Rijaiu, urged participants to embrace the training, in his words, “the work we do shapes the trust of citizens in the justice system. If we rise to the demand of this digital age, we will not only defeat crime, we will also safeguard freedom and show that justice in Nigeria is not left behind by technology but strengthened by it.”
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