Payday Growth Author

As part of our commitment to making it easier for Africans to transact globally without limits, we launched Payday 3.0 in January 2023. 

Our main focus is and has always been, to create a platform that allows Africans to conveniently receive and make international payments using global accounts (USD, GBP, EUR) and virtual cards that work everywhere.

While the launch of Payday 3.0 was an expression of our obsession with giving you a compact and reliable experience across all our products, we also zeroed in on providing you extra layers of security – both for your money and your identity – as you and over 400,000 Payday users continue to transact with us. 

From your sign-up and onboarding to verifying your identity and carrying out your transactions, we’ve implemented numerous security features to ensure your account is 100% secure all the way. 

Here’s how we are keeping you safe:

  • Airtight Verification Process

When you sign up on Payday, you are required to verify your email and upload a Government-issued ID that confirms who you really are.

These checks help us prevent fraud, identity theft, and financial crimes, in addition to keeping you and other customers safe.

  • Two-Factor Authentication

Two-factor authentication (2FA) is a security process that requires you to provide an extra layer of identification to access your account.

We introduced the 2FA to the app where you have to enter an OTP before you access your account during log-in and withdrawals.

Also, after you sign in with your email address, you must set up a four-digit PIN that helps us ensure that your account is never accessed without your permission.

  • Biometric Authentication

Biometric authentication uses unique biological characteristics such as fingerprints or facial recognition, to verify your identity. On your Payday app, you can also enable biometric authentication that allows you to use your fingerprint/Face ID to sign in to your account. We do this just to make sure it’s you who is requesting access to your account.

  • Bank-grade Compliance & Fraud Protection

We use fraud protection measures to detect and prevent fraudulent activities on the platform. In simpler terms, this means that we monitor your account activity for suspicious transactions and set up alerts for unusual activity, by using machine learning algorithms to identify patterns of fraudulent behavior. 

If we identify transactions on your account that don’t seem quite like you, we temporarily restrict your account, and ask that you verify your identity before you proceed. All of these measures are put in place to safeguard your account. 

How Else Do We Keep Your Money Safe?

  • Payday uses encryption to safeguard your financial data from being intercepted by hackers. 
  • We never ask you for sensitive details about your account. We will NEVER ask you to send money to another account or share your password/PIN.
  • Payday will never ask you for your OTP or send you a link to click on. Please be alert.

Learn How you can protect your Payday account from fraudsters.

Please note that these are our only official handles. 

Instagram – @ourpayday

Twitter – @ourpaydayhq

Twitter Support – @Payday_Help

Website – https://www.usepayday.com/ 

Be vigilant, so you don’t fall prey to phishing scams, and fake social media accounts pretending to be us. Please verify before you respond and do not click on links received from these accounts. Do not share your OTP, pin, or password with anyone – Payday will never request these from you. Finally, when you come across these fake accounts, please report them to protect others.

Please rest assured that we will continue to prioritize your security as you transact with Payday. If you ever need to reach out to us, please contact us through the in-app chat – as that is the most secure way to ensure you are speaking with our own support team and not a fraudulent account.

As we continually improve, we will bring you more updates on how we are boosting our security even more, and keeping you safe, so follow our verified social media channels, and share this post on social media to let your friends know that they can transact globally and securely with Payday.