Growing vulnerabilities in financial security in Nigeria have led to financial losses for businesses and undermined customers’ trust. For example, unauthorized Point of Sale (POS) frauds accounted for 24.6% of reported cases last year, while web-based fraud made up 16.9% …
Tag Archives: payment gateway
What is a Hosted Payment Gateway?
Card payments account for about 37% of all online transactions in Nigeria and are projected to continue growing. This means that individuals and businesses who want to keep up with the demands of a growing population need an easy, secure, …
Types of Payment Gateways in Nigeria
Software developers implementing payment solutions in their products or for clients face a wide range of payment gateways to choose from. Each gateway comes with its own sets of features, benefits, and limitations, which, if not properly managed, can complicate …