Payments and Digital Financial Services Company, Paga, is now certified by the Payment Card Industry Security Standards Council as (PCIDSS) level one compliant.
This means that Paga’s platform has been put through series of rigorous tests and proven to meet global security standards as defined by the PCI security standard council, which consists of credit card providers such as Visa, MasterCard, American Express, Discover and JCB.
The Council publishes and mandates security standards for parties, who handle credit card information, confidential bank account information with a focus on improving account security throughout the transaction processes.
Founder and Chief Executive Officer of Paga Tayo Oviosu, said: “We are very pleased with this certification. This is vital for the next evolution of Paga, as it shows our security credibility and further demonstrates our commitment to delivering digital financial services at world class security standards. Nigerians can feel very comfortable saving their confidential card and bank details on Paga.
Then rather than giving those details out on websites or to third party applications customers simply use their Paga account and choose how they want to fund the transaction.
The protection provided by Paga will help expand use and adoption of e-commerce and mobile applications. We have seen similar in other parts of the world with PayPal and AliPay. Now, Paga brings the same level of world class payments service and security to Nigeria.”