Paga gets PCI Security Standards Council level 1 certification
Nigeria’s leading payments and digital financial services company, Paga, has been certified by the Payment Card Industry Security Standards Council as PCIDSS level one-compliant.
The implication is 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.
Tayo Oviosu, founder and CEO of Paga, speaking on the development, said the company was very pleased with the certification as it was a demonstration of its commitment to delivering digital financial services at world-class security standards.
“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 things 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,” Ovioso said.
Founded in 2009 and launched to the market fully in 2012, Paga has a mission to transform lives by delivering innovative and universal access to financial services.
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