Is my money safe with Cashmatrix?
Yes. Cashmatrix is a licensed microfinance bank regulated by the Central Bank of Nigeria. We use bank-level encryption to protect your accounts and tr...
Last updated August 5, 2026
Yes. Your money is safe with Cashmatrix. Here's why:
Regulatory protection
Cashmatrix is a licensed microfinance bank regulated by the Central Bank of Nigeria (CBN). This means we meet strict capital requirements and follow CBN guidelines for customer fund protection.
NDIC insurance
Your deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC) up to the legal limit. This is the same protection that traditional bank deposits enjoy.
Bank-level security
- 256-bit SSL encryption on all data in transit
- AES-256 encryption for data at rest
- PCI DSS compliant payment processing
- Two-factor authentication for sensitive operations
Fraud monitoring
Our systems monitor your account 24/7 for suspicious activity. If we detect something unusual, we'll alert you immediately and temporarily hold the transaction until you confirm.
What you can do
- Enable two-factor authentication in Settings > Security.
- Never share your PIN or OTP with anyone.
- Contact us immediately if you suspect unauthorised access.
Emergency: If your phone is stolen, call +234 704 648 8013 immediately to lock your account.
Need a hand? Email hello@cashmatrix.ng.