Cowrywise is PCI DSS compliant — What this means for our customers

2 Mins read

At Cowrywise, we enable digital access to savings and investment products securely. Security remains a priority to us as we seek means and follow due protocols to ensure our customers’ assets and data are secure in the best possible ways.

This is why we’re thrilled to announce that we are now PCI DSS compliant. PCI DSS is Payment Card Industry Data Security Standard and represents the highest level of security certification you can attain as a business that receives payments, stores debit card information, and integrates with payment platforms.

Thus, Cowrywise boasts of the most accredited international recognition of security standards directly matching our industry-leading wealth management solutions for individuals and businesses in Nigeria.

While we keep building quality products to solve problems for our customers, we are pleased to complement it with a top-notch, bank-grade security infrastructure.

In simple terms, we ensure that your data is safe online. All cards and bank data are encrypted to prevent unauthorized access to sensitive information by third parties. 

Following our Fund Management licence by The Securities and Exchange Commission (SEC) Nigeria, this marks yet another huge milestone towards our commitment to digitizing investment management and building savings and investment culture among the growing population of underserved African middle class and millennials. 

What does being PCI DSS compliant mean for our customers?

This is all the proof you need that we are providing individuals and businesses with the most secure and reliable wealth-building services in Nigeria. The benefits of this certification are unending, however, we listed a few below that you will find important:

  • Your card data is safe.
    A lot of our customers make investments using their debit cards. With this certification, rest assured your card details are not stored, and they are encrypted in transit to the payment gateway providers. As such, there is no possibility of unauthorised access to your card data.
  • Your personal data is protected
    This certification ensures we put rigorous checks in place to secure and monitor our infrastructure against data breach. This ensures not only the protection of your personal data, but also its responsible handling internally.
  • Third-party security is ensured.
    We are required to confirm that all our third-party partners maintain due diligence and practice adequate security protocols with our customers’ sensitive information.

In summary, we put your security first so much that you can continue your transactions freely, assured that your data is properly protected by us at Cowrywise.

Going forward, we are ready to serve our customers from our fully PCI DSS-compliant infrastructure. The team has worked twice as hard to achieve this and we keep upholding the global security standards to meet your needs every day.

Join us, let’s help you grow wealth the right way.

Watch our short announcement video 👇🏽

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