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Visa Makes Digital Payments Simpler, Safer

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By Dipo Olowookere

The management of Visa has announced a continued commitment to reducing friction and improving security in digital commerce by reiterating support of the draft EMV Secure Remote Commerce (SRC) Specification.

The draft EMV SRC Specification provides a foundation for digital transactions that gives consumers, merchants and issuers a single digital point-of-sale, resulting in a consistent, convenient and secure way to pay.

EMVCo has spent the last year gathering feedback from across the payment ecosystem on the specification. Visa now encourages merchants, issuers, acquirer gateways and other interested participants to provide feedback and comment during a 45-day public comment window. Once complete, EMVCo will publish the final specification.

Shoppers are increasingly migrating to websites, mobile phones and voice-activated devices, but their buying experiences are full of friction because they are required to manually enter payment details. With SRC, consumers’ digital buying experiences will be easier, faster and more secure – just like their experiences when shopping in-stores.

“Today, digital commerce is an inconsistent and often friction-filled experience for consumers, and that also results in poor conversion for merchants,” said TS Anil, global head of payment products and platforms, Visa. “The specification from EMVCo will become a foundation for the evolution of digital payments, that will ensure ease of payment for digital and IoT payments well into the future.”

By developing a standards-based experience, Visa is helping ensure that the key principles of choice, privacy and security are upheld throughout the payments ecosystem. Standardization also helps streamline digital payments, making them more consistent and reducing the friction that often leads to consumer frustration and shopping cart abandonment.

“The case for standards in digital commerce has never been stronger. Just as the physical point-of-sale benefited from global, interoperable standards, we expect SRC to bring similar levels of success to eCommerce, mCommerce and IoT channels,” continued Anil. “Visa has also joined the W3C Web Payments Working Group with the objective of ensuring card based payments are secure and simple in the browser-based environments and that interoperability exists between the SRC and W3C Payment Request Specifications.”

By implementing SRC, Visa will simplify the collection of payment details from consumers and secure them using the newly expanded Visa Token Service. Together they form the foundation of Visa’s best-in-class digital payment experience, which improves security and convenience for people who are shopping more on mobile devices, mobile apps and online with eCommerce merchants.

As part of this evolution, Visa Checkout, with its more than 40 million consumer accounts, 350,000 merchants and 1,600 financial institutions in 26 global markets, will evolve to the new EMV SRC Specification starting mid-2019 and will support participating card brands, including Visa, Mastercard and American Express.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Nigerian AI Startup Decide Ranks Fourth Globally for Spreadsheet Accuracy

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Nigerian AI Startup Decide

By Adedapo Adesanya

Nigerian startup, Decide, has emerged as the fourth most accurate Artificial Intelligence (AI) agent for spreadsheet tasks globally, according to results from SpreadsheetBench, a widely referenced benchmark for evaluating AI performance on real-world spreadsheet problems.

According to the founder, Mr Abiodun Adetona, the ranking places Decide alongside well-funded global AI startups, including Microsoft, OpenAI, and Anthropic.

Mr Adetona, an ex-Flutterwave developer, also revealed that Decide now has over 3,000 users, including some who are paying customers, a signal to the ability of the startup to scale in the near future.

SpreadsheetBench is a comprehensive evaluation framework designed to push Large Language Models (LLMs) to their limits in understanding and manipulating spreadsheet data. While many benchmarks focus on simple table QA, SpreadsheetBench treats a spreadsheet as a complex ecosystem involving spatial layouts, formulas, and multi-step reasoning. So far, only three agents rank higher than Decide, namely Nobie Agent, Shortcut.ai, and Qingqiu Agent.

Mr Adetona said SpreadsheetBench measures how well AI agents can handle practical spreadsheet tasks such as writing formulas, cleaning messy data, working across multiple sheets, and reasoning through complex Excel workflows. Decide recorded an 82.5% accuracy score, solving 330 out of 400 verified tasks.

“The result reflects sustained investment in applied research, product iteration, and learning from real-world spreadsheet workloads across a wide range of use cases,” Mr Adetona told Business Post.

For Mr Adetona, who built Decide out of frustration with how much time professionals spend manually cleaning data, debugging formulas, and moving between sheets, “This milestone highlights how focused engineering and domain-specific AI development can deliver frontier-level performance outside of large research organisations. By concentrating on practical business data problems and building systems grounded in real user environments, we believe smaller teams can contribute meaningfully to advancing applied AI.”

“For Decide, this is a foundation for continued progress in intelligent spreadsheet and analytics automation,” he added.

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Identy.io Announces Strategic Expansion into Nigeria, Kenya

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Identy.io

By Adedapo Adesanya

A global biometric authentication technology company specialising in secure, mobile-first identity verification, Identy.io, has announced its expansion plans into Africa with a pilot focus on Nigeria and Kenya.

The firm disclosed in a statement that it has appointed a regional leadership team to engage with key stakeholders across the government, financial services, telecommunications, and other regulated sectors in both countries.

These include Mr Olajide Olasiyan-Ola as Regional Head for West Africa, Mr Edwin Mutisya as the Senior Sales Manager, and Mr Matus Kapusta as the Product Director for Identy.io’s Automated Biometric Identification System (ABIS) product portfolios.

Amid the need for effective identity solutions becoming increasingly urgent, countries like Kenya and Nigeria are making significant investments in public digital infrastructure by integrating identity systems with public services, financial access, and mobile connectivity as part of their broader economic development agendas. This is helping to implement national digital identity systems to improve service delivery, promote financial inclusion, and develop digital public infrastructure.

The World Bank’s ID4D data indicates that approximately 80 per cent of adults in Sub-Saharan Africa possess basic identification. However, there are significant disparities between countries, with many having coverage below 70 per cent. These gaps hinder access to essential services and economic opportunities.

With Identy.io coming into the fold, its regional leadership team will collaborate with clients across the public and private sectors to support responsible, scalable identity implementations aligned with national digital transformation priorities.

After Nigeria and Kenya, the firm plans to expand into additional African markets as part of a phased regional growth strategy.

According to Mr Antony Vendhan, Co-founder of Identy.io, “We are transforming the traditional industry model, which often relies on expensive and inflexible digital infrastructure. Instead, Identy.io adopts a software-first approach, minimising reliance on specialised biometric hardware. Our technology supports biometric capture using standard smartphones, processes identity documents, issues digital identities to individuals lacking formal identification, and facilitates large-scale biometric verification and deduplication.”0

“This innovative yet simplified approach allows our clients to reach underserved communities by providing individuals with multimodal access to secure their digital identities and explore new economic opportunities,” he stated.

As part of Identy.io’s industry validation strategy, the company’s ABIS system has completed MOSIP’s partner compliance process and is listed on the MOSIP Marketplace. This platform offers compliant technologies that governments and ecosystem partners can evaluate for MOSIP-aligned deployments. MOSIP helps governments conceive, develop, implement, and own foundational digital ID systems tailored to their unique needs.

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ZeroDrift Receives $2m in Pre-Seed Capital for AI-driven Tools

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zerodrift

By Dipo Olowookere

A $2 million pre-seed round to automate compliance in real time, unlocking business velocity while giving compliance teams infrastructure to scale oversight has been received by ZeroDrift.

The fresh capital was pumped into the firm by a16z speedrun. It is to support the company’s go-to-market launch, product expansion across communication channels, and continued development of its AI-driven compliance engine.

The organisation plans to deepen its coverage across financial services before expanding its rule-based compliance engine into other regulated sectors, including insurance, healthcare, ESG disclosures, and AI governance.

The long-term vision is to become the universal trust layer for any system that communicates, ensuring that as AI and automation scale, trust, safety, and compliance scale with them.

ZeroDrift is an AI-native communication firewall that validates and fixes content before it is sent, giving compliance teams control at scale and business teams the speed to execute.

The platform encodes SEC, FINRA, and firm-specific policies into machine-readable rulepacks, then enforces them at the point of creation.

ZeroDrift integrates directly into tools teams already use, including email, browsers, CRMs, websites, social platforms, and AI systems.

Content is checked instantly, issues are flagged with suggested fixes, and compliant messages move forward without delay. Compliance teams retain full visibility through centralised dashboards, audit trails, and exam-ready evidence generated automatically.

ZeroDrift is launching initially in financial services, serving registered investment advisors, asset managers, broker-dealers, and wealth platforms.

The market includes more than 15,000 RIAs, 3,500 asset managers, and hundreds of thousands of registered representatives in the United States alone.

Early use cases include faster campaign launches, higher sales velocity, safe deployment of client-facing AI, and instant exam readiness without last-minute scrambles.

“People do not want to be non-compliant. They have no way to know if what they are writing is acceptable until it is too late.

“Compliance should be a guardrail that lets teams move faster, not a gate that slows everything down. Our goal is to make compliance happen automatically at the speed of work,” the chief executive of ZeroDrift, Kumesh Aroomoogan, said.

A representative of a16z speedrun, Troy Kirwin, said, “Compliance has quietly become a limiting factor for how fast regulated companies can operate. ZeroDrift flips that dynamic by preventing violations before they happen and making compliance a built-in part of everyday workflows.”

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