PalmPay begins anti-fraud awareness week

To commemorate the upcoming International Anti-Fraud Awareness Week, PalmPay, a financial institution in Nigeria, is launching a series of community-focused initiatives to educate the public on fraud prevention and digital security.

The highlight of this initiative is a community walk themed “United Against Fraud: Building a Safer Future”, set to take place across Lagos on November 22, 2024.

A statement by the firm disclosed that the walk will gather key stakeholders from various sectors, and members of the public, to reinforce a collective commitment to a safer digital finance ecosystem in Nigeria.

It noted that the walk will start at PalmPay offices, heading to Ikeja’s Computer Village, where participants will share fraud prevention tips. The event is open to all interested in digital safety.

According to the firm, fraud continues to be a significant challenge within Nigeria’s growing digital financial ecosystem.

It mentioned that recent data has shown a staggering increase in fraud-related cases, making it imperative for both businesses and consumers to be proactive in safeguarding themselves.

According to the statement, PalmPay will lead an awareness campaign for Anti-Fraud Awareness Week, focusing on financial literacy and encouraging users to adopt safe digital habits aimed at promoting strong passwords, identifying phishing attempts, and ensuring prompt reporting of suspicious activities.

The Anti-Fraud Officer at PalmPay, Adenekan Oluwatosin, said, “We are deeply committed to safeguarding our users from fraud by providing the tools and knowledge they need to protect themselves.

“As digital finance becomes more integral to everyday life, it is crucial to stay vigilant and informed about potential risks. Our Anti-Fraud Awareness Week reaffirms our commitment to proactive security measures and financial literacy.”

Also, the Managing Director of PalmPay, Chika Nwosu, said, “This initiative aligns with PalmPay’s mission to foster a secure and trustworthy financial landscape for Nigerians. We believe that collaboration with the public and industry stakeholders is vital to tackle fraud effectively.”

PalmPay urged the public to join the awareness walk to combat fraud, learn self-protection strategies, and help build a safer digital financial landscape in Nigeria.