PalmPay, a leading Nigerian fintech company, has reaffirmed its commitment to tackling financial fraud through advanced technology. During a recent courtesy visit to the Nigerian Financial Intelligence Unit (NFIU), PalmPay’s Managing Director, Chika Nwosu, emphasized the need for strong collaboration between fintech firms and government agencies to combat rising fraud in the country.
Nwosu highlighted the increasing volume of electronic transactions in Nigeria and stressed the importance of proactive measures to address new security threats. PalmPay pledged support for the NFIU’s mission to protect the nation’s financial infrastructure and outlined plans to work closely with the agency. This collaboration will focus on knowledge-sharing, training programs, and the development of innovative solutions to fight fraud in the digital space.
NFIU CEO Hafsat Abubakar Bakari praised PalmPay’s approach to financial security and its commitment to aligning with both national and international regulatory standards. She emphasized the necessity of continuous cooperation between private companies and government agencies to combat financial crimes and ensure a secure financial ecosystem in Nigeria.
