Nigeria’s fintech startup, PalmPay, launches new security campaign. 2 other stories and a trivia
This series of stories will help you discover the latest happenings around the tech world today
1. Nigeria’s fintech startup, PalmPay, launches new security campaign
A Nigerian fintech startup, PalmPay, has launched a new payment security campaign to raise payment and cyber security awareness among customers.
Chika Nwosu, CEO of PalmPay, confirmed the new development in a media release seen by Ripples Nigeria on Monday.
PalmPay is a digital payment platform that claims to promote financial inclusion and improve consumer experiences.
Nwosu explained that the new campaign was important at a time when there had been an increase in internet penetration and digital payment fraud in Africa in recent years.
“PalmPay is committed to providing users with a safe and reliable digital payment experience. We will continue to optimize our risk control procedures and look forward to working with law enforcement and cybersecurity partners to prevent fraud and ensure payment security,” Nwosu said.
Nwosu further explained that the launch of the wallet safe workshop would massively engage both online and offline channels, to publicize and expose examples of social media and telecom fraud.
Tech Trivia: What is also called selecting a form field or other UI element?
A. Overview
B. Focusing
C. Labeling
D. Hovering
Answer: see the end of the post
2. India’s Jar secures $22.6 million in Series B funding
An Indian fintech startup, Jar, has announced that it has secured a $22.6 million Series B funding round led by existing investor Tiger Global.
Also Read: Lagos-based startup, Omnibiz, secures $15M ahead of Series A round. 2 other stories and a trivia
Nishchay AG, CEO and co-founder of Jar, confirmed the new raiser in a press release seen by Ripples Nigeria on Monday.
AG explained that Jar’s other existing investors including Arkam Ventures, Eximius Ventures, Force Ventures, LetsVenture, Rocketship Venture Capital and WEH Ventures, participated in the funding round.
According to local sources, the Bengaluru-based startup is a daily gold saving app that allows users to save money by taking extra money from online transactions and investing it in digital gold automatically.
Commenting on the new funding, the AG stated:
“We see an average growth of 20 percent in our users’ savings from month to month and are happy to see them develop into engaged and confident investors.”
He also explained that the new funding would be used to expand the workforce and continue to build a robust technology infrastructure.
3. US-based Islamic finance platform, Islamicoin, launches crypto wallet, ISLAMIwallet
A US-based Islamic finance platform, Islamicoin, has announced the launch of its first crypto wallet, ISLAMIwallet.
ISLAMICOIN founder Jaafar Krayem confirmed the new crypto launch in a media statement seen by Ripples Nigeria on Monday.
Described as halal wallet, ISLAMIwallet integrates the latest security protocols and is built to house a recovery wallet, a service that also supports all halal tokens on Polygon.
Launched in 2021, the fintech startup claims to be the largest Islamic technology project using blockchain technology, in addition to media, commercial, financial, entertainment and charity projects.
“The ISLAMIwallet project was achieved according to the roadmap in the third quarter of the year,” Krayem said at the new crypto launch.
Trivia Answer: Focusing
In computer terminology, focus means selecting an element in a user interface.
Once an element is “focused”, it can be controlled using keyboard input.
By Kayode Hamsat
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