Security & Trust – OiiPay
Built for Security, Designed for Trust
At OiiPay, security is at the core of everything we do. Our blockchain-powered mobile wallet is designed to ensure safe, tamper-proof, and fraud-resistant digital transactions—even in offline environments. We leverage cutting-edge security measures to protect users’ funds, personal data, and financial transactions, creating a trusted and secure payment ecosystem for Africa’s unbanked and underbanked populations.
Blockchain-Powered Security
All transactions are securely recorded on an immutable blockchain ledger, ensuring transparency, fraud prevention, and data integrity. Once a transaction is recorded, it cannot be altered or tampered with.
Offline Fraud Prevention
OiiPay's offline ledger system prevents double-spending and unauthorized transactions, even when there is no internet connection. Transactions sync securely when users come online.
AI-Powered Fraud Detection
Our machine learning algorithms analyze user behavior and transaction patterns to detect and block suspicious or fraudulent activities in real-time.
Multi-Factor Authentication (MFA)
Every transaction is secured with multi-layer authentication, including:
• PIN codes
• Biometric verification (fingerprint or facial recognition)
• One-time passwords (OTP) for added security
End-to-End Encryption
All financial and personal data is encrypted using advanced cryptographic protocols, ensuring data protection from cyber threats, hacks, and unauthorized access.
Risk-Based Spending Limits
To prevent overspending and unauthorized transactions, OiiPay implements customizable transaction limits, ensuring users can only spend a set percentage of their available balance.
Geo-Location & Device Security
OiiPay tracks transaction locations and device activity to prevent unauthorized access and flag unusual payment behavior.
Regulatory Compliance & Secure Bank Integration
We adhere to strict financial security standards and integrate with banks using secure open banking APIs, ensuring compliance with local and international financial regulations.