Kuda has teamed up with payment gateway SeerBit to offer its users a simple and safe way to make cardless purchases online while lowering their risk of fraud.
Retail customers can now use their secure Kuda Pay ID, a one-time code generated on their Kuda app, to make direct payments from their Kuda account by looking for the “Pay With SeerBit” option on local websites and apps, according to a statement released by the fintech company on Wednesday.
BrandSpur local brand news reports that the quick and safe payment option eliminates the need for typing in debit card details when making online payments. However, online fraud remains a significant concern in the digital payment landscape. According to the 2023 Annual Fraud Landscape report by the Nigerian Inter-Bank Settlement System, N17.67 billion was lost to fraud in 2023, a 23% increase from 2022.
Musty Mustapha, the managing director of Kuda Microfinance Bank, discussed the relationship in his remarks. He said: “Our partnership with SeerBit underscores our commitment to providing secure and user-friendly financial services. With their Kuda Pay ID, our customers can make online payments without the fear of exposing their debit card details, ensuring peace of mind in every transaction.”
Continuing, the leading provider of payment infrastructure, SeerBit provides complete payment solutions that help companies succeed in the digital economy.
By this collaboration, Kuda is reaffirming its dedication to offering cutting-edge, safe financial services that cater to its clients’ changing needs.
