Kuda, SeerBit partner to enhance seamless online transaction

Mr Musty Mustapha, Managing Director of Kuda MicroFinance Bank, said this in a statement on Wednesday in Lagos.

According to him, the quick and safe payment option removes the need for typing in debit card details when making online payments.

“Nigerian fintech’s retail customers can now look out for ‘Pay With SeerBit’ option on local websites and apps, then pay directly from their Kuda account with their secure Kuda Pay ID.

“Online fraud remains a significant concern in the digital payment landscape.

“The 2023 Annual Fraud Landscape report by the Nigerian Inter-Bank Settlement System indicated that N17.67 billion was lost to fraud in 2023, which was a 23 per cent increase compared to the amount lost in 2022.

“Kuda’s partnership with SeerBit is a proactive step towards mitigating these risks, “Mustapha said.

He noted that by authorising online payments with their Kuda Pay ID through SeerBit, Kuda customers could be confident that their financial information was protected.

Mustapha added that this would reduce the likelihood of fraud and unauthorised transactions.

He said that partnership with SeerBit underscored Kuda’s commitment to providing secure and user-friendly financial services.

He said that with their Kuda Pay ID, customers could make online payments without the fear of exposing their debit card details, ensuring peace of mind in every transaction.

“With over seven million customers, Kuda Microfinance Bank is the Nigerian subsidiary of Kuda Technologies, a fintech company on a mission to make financial services accessible, affordable and rewarding for all Africans.

“SeerBit is a leading payment infrastructure provider, offering comprehensive payment solutions that enable businesses to thrive in the digital economy,” he said.

Mustapha added that through the partnership, Kuda was reinforcing its commitment to providing secure and innovative financial services that address the evolving needs of its customers.