How Safe Is Your Money on Cloud Cooperative?


In the digital age, the safety of your money and personal information is paramount. As more financial transactions move online, it’s essential to trust the platforms you use.

One such platform, Cloud Cooperative, is an online cooperative society that prioritizes the security of its members’ savings and personal information. But how safe is your money with Cloud Cooperative? Let’s delve into the details.

Security Measures:

Cloud Cooperative takes your security seriously. All critical customer information is encrypted and stored securely.

The platform uses an encrypted 256-bit HTTPS SSL connection for all transmissions to our banking partner and on our site. This means that your data is always secure, whether it’s being stored or transmitted.

Card Details Safety:

When it comes to your debit card details, Cloud Cooperative has a stringent policy. We do not store your card information. Instead, we work with a PCIDSS-compliant payment processor to handle all members’ card details. This processor ensures all sensitive data are encrypted and rendered unreadable.

The PCIDSS is a global standard guide that all reputable payment processors must adhere to, ensuring your card details are in safe hands.


While Cloud Cooperative is not a bank and thus not regulated by the Central Bank of Nigeria (CBN), it is a duly licensed online cooperative society. It operates under the regulation of the Lagos State Government, in accordance with the Cooperative Societies Act (2013) as amended. This means that Cloud Cooperative is held to high standards of operation and accountability.

Automated Transactions:

Cloud Cooperative uses your debit card for all automated transactions, making payments for savings secure and seamless. This process eliminates the hassle associated with traditional banking halls.

Safety Layers:

Cloud Cooperative has multiple security and safety layers embedded in its platform. These include bank-grade security, regulatory compliance, and an airtight verification process.

When you sign up, you are required to verify your email and enter your BVN, which confirms your identity. These checks help prevent fraud, identity theft, and financial crimes, keeping you and other customers safe.

Additional Safety Measures:

Cloud Cooperative uses encryption to safeguard your financial data from hackers. We never ask for sensitive details about your account, such as your password, or for you to send money to another account. We also never ask for your OTP or send you a link to click on. If you need to reach out to us, the safest way is through our WhatsApp chat.

Cloud Cooperative continually prioritizes your security as you transact with us. We are always working on improving our security measures and keeping you safe. So, rest assured that your money is safe with Cloud Cooperative.

Stay tuned to our social media channels for more updates on our security enhancements. Share this post to let your friends know that they can join Cloud Cooperative with confidence.

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