CashAfrica has processed ₦1 billion+ in transactions and partnered with leading financial institutions, including Sterling Bank, Zenith Bank, UBA Group, and PalmPay, with more integrations underway. In this exclusive interview, Bello Opeyemi, Co-Founder & CTO at CashAfrica speaks with Alaba Ayinuola of Business Africa Online (BAO) on how CashAfrica is bridging the gap between traditional banking and the future of payments – driving efficiency, security, and payment distribution at scale.

‍Excerpts.

Alaba: The African fintech space has been described as high-risk for fraud. How does CashAfrica’s infrastructure mitigate security threats while ensuring user trust?

Opeyemi: Fraud is a significant concern in Africa’s payment ecosystem, and CashAfrica was built with this in mind from day one. Our security framework is multi-layered, integrating encryption, tokenization, and advanced fraud detection mechanisms.

Unlike traditional contactless solutions, we enforce mandatory authorization for tap-to-pay transactions, ensuring an additional layer of user verification. This is a key differentiator, as many payment systems still rely on passive security protocols that leave room for vulnerabilities.

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Alaba: With a growing network of fintech partners and banks, how does CashAfrica ensure that compliance does not slow down innovation?

Opeyemi: Compliance and innovation do not have to be at odds. In fact, we see regulatory alignment as an enabler rather than a barrier. Our system is designed with compliance automation in mind—meaning that fintechs and banks can integrate our tap-to-pay infrastructure without spending months on compliance approvals.

We provide a regulatory-compliant sandbox environment that allows partners to test integrations while meeting security and compliance standards from day one. By embedding these frameworks into our infrastructure, we remove friction and allow fintechs to go live faster while staying fully aligned with financial regulations.

Regulatory alignment and security will always be at the forefront of our growth strategy. We believe that by getting these fundamentals right, we are not just enabling transactions—we are building trust in Africa’s digital payment revolution.

Read the full article here - https://businessafricaonline.com/cashafrica-deepens-regulatory-compliance-for-its-tap-to-pay-infrastructure/