Yes, PalmPay can automatically lock your phone years ago but not anymore. Here’s everything you need to know now.
Can PalmPay Lock My Phone?
Last four years, Palmpay used to lock people’s phones as a measure to curb them into repaying their outstanding loans. But now, such act is not acceptable by Federal Competitive and Consumer Protection Commission ( FCCFC ) and the act has been completely eliminated in Nigeria. When PalmPay was locking people’s phone, they use a security plugin called “PalmPay Security Plugin” to override the device and show this error message: “From Credit (OKCard): We haven’t received your full payment till now. We will coordinate with the legal department and report regarding your unsettled obligations. To avoid inconvenience and an increase in overdue interest, settle your outstanding amount. Watermark reminders will keep showing on your phone. You can apply for an extension in the PalmPay app. Any concerns, please add 08124125175 on WhatsApp.” The security plug-in will be downloaded automatically on user’s device at the point of obtaining loan from the fintech app. The app will be encrypted and overri…
About the author
Temmy Samuel is a seasoned journalist with extensive experience in consumer tech, economy, finance, business, money and politics. Currently, he’s studying Accounting at the Federal University of Oye-Ekiti.
