Leading Fintech Group, E-Settlement Reaffirms Commitment to Consumer Data Protection

Olaoluwa Awojoodu, Chief Executive Officer of E-Settlement Limited

E-Settlement Limited, a leading Fintech group in Nigeria, has boosted consumer confidence and reaffirmed its commitment to safeguarding its consumer data against privacy breaches and cybercrime by ensuring that all public access to sensitive data is blocked, double authentication systems put up and upgrade to a more secure server.

In an increasingly digital economy where technology is being used to solve the needs of even the non-digital savvy people as E-SL does, it is imperative that organizations protect consumer data and avoid instances of misuse, as well as and educate them on best practices. The company is PCI-DSS certified and has employed the services of a DAPT for Nigeria Data Protection Regulation (NDPR) certification as well as performed several internal and external penetration tests.

Speaking on the move, E-Settlement’s CEO, Olaoluwa Awojoodu said,

“E-Settlement Limited does not store, see or process card information, so there is no way unmasked card data that can be used to commit cybercrimes could have been found on any of our servers. We have always protected our database and adhered to the standards set by the Consumer and Data Protection Regulation Guidelines.”

Olaoluwa also stated that “to further assure our customers and stakeholders of our strong data protection policy, we engaged the services of leading independent cybersecurity auditors; Digital Jewels to run full penetration tests on our servers and the results confirmed that our servers are secure and our database is safe, we didn’t stop there, we also carry out regular security code training for our engineers and none-code staff.”

E-Settlement Limited is also engaging its agents and customers on safe data protection practices by periodically informing them of the dangers of sharing sensitive details with other people or posting them online.

E-Settlement is a financial technology company with a focus on increasing access to basic financial services to individuals and businesses in Africa.

The Group has been at the forefront of innovative, easy to use, affordable, secure and inclusive payment solutions for Africa and the world beyond for years. The group currently has 3 products which are PayCentre Africa, CashEnvoy and PayPad.




Techloy is a digital publication covering news and data about business, finance and technology, using infographics and charts to help people and brands make better decisions.

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