Yes, security of our users is a top priority at BoomFi. Our payment systems is non-custodial meaning we never hold or touch any funds. Each subscription mandate created has a number of layers of check and security.
First, we have partnered with
for transaction monitoring, this will ensure any irregular transaction request is flagged, checked for validity before it will be processedSecond, each mandate has an associated “Spend Limit” this limit is suggested by BoomFi based on the subscription you’re subscribing to. Ultimately, the buyer has full control to ensure the expect level of funds are taken and not more.
Finally, all our systems are penetration tested for cyber security, our smart contracts have been audited by Sayfer.