In response to the increase in online fraud across Africa, fintech company Igbigi has introduced a payment platform designed to restore trust in digital transactions and protect users from financial scams.

Thousands of Nigerians and Africans lose money daily to fraudulent vendors, unverified marketplaces, and risky peer-to-peer deals. Igbigi was created to end this cycle by providing a secure and reliable payment system that shields users from online deceit.

At the core of the platform is an escrow system that ensures no funds are released until both parties in a transaction are fully satisfied. Whether paying a freelancer, shopping from an online vendor, or exchanging digital assets, Igbigi holds the money in trust and guarantees that users get exactly what they paid for.

“This platform was born out of a deep frustration with the constant fear and uncertainty surrounding online transactions in Africa,” said Tonye Tariah, CEO of Igbigi. “We built Igbigi to empower people with a safer way to trade, pay, and trust again.”

Igbigi also serves as a comprehensive financial security suite tailored to Africa’s digital economy. Key features include virtual USD cards for international shopping and subscriptions, eliminating the need for domiciliary accounts; a secure crypto wallet with escrow-backed peer-to-peer crypto transactions; instant bill payments for services such as airtime and electricity, all handled within the app; quick crypto swaps for converting between naira and cryptocurrencies securely; and full regulatory compliance alongside enterprise-grade encryption to protect user data and funds.

In May 2025, Igbigi remains relevant to the growing digital economy in Africa and the corresponding need for secure infrastructure.

“Online fraud is not just stealing money, it’s eroding trust across the continent,” Tariah noted. “At Igbigi, we’re not just protecting payments, we’re rebuilding the foundation of digital trust in Africa.”

The platform is currently available for download. Along with its escrow-powered payment system and financial tools, Igbigi offers guides and resources to help users stay safe online, supporting efforts to combat online fraud and provide peace of mind in every transaction.