Today, the rate at which online fraudulent activities and transaction takes place is becoming alarming around the world, and perceived to be more in Nigeria.

There are many cases of fraudulent activities being recorded, almost on a daily basis in business sphere; small and medium scale enterprise and individuals.

As this menace trends, other people like Mr. Evans Uko, the CEO of Smart Drive Consulting have decided to proffer a solution to the situation.

Mr. Evans, a tech expert, has shared his view on the way out of the ravaging online fraudulent activities that is found all over the place.

Speaking as a guest on the show ‘Today On STV’, the tech expert stated that, one of the reasons why people don’t use POS is because of the rampant online fraud, found all over the place

Talking specifically about POS, with an example from failed transactions, Mr. Uko said, there are situations whereby people are told to come back after 30 or 40 days, when a transaction fails.

He also emphasized that the reasons people do not want to use POS is because a lot of the perceived fraudulent activities

Speaking further, he said his company has devised a means to solve the fraudulent practices, to help merchant recover their money; which is software that has been developed to help the merchant track all transactions

He said the soft ware help the merchant to ascertain that the monies collected are remitted to them

Look below for the video