Many measures have been taken to make sure that Simba is a fully secure application to use through your phone.
These processes include:
Simba account identification through various components: IMEI (device ID), mobile number, bank account number and personal ID.
Account blocking when PIN is entered wrong 3 times in a row.
PIN confirmation at every transaction.
Application lock after few seconds of inactivity.
Pre-set amounts and numbers of daily transactions, defined by the bank.
Periodic PIN change request notifications.
No financial information stored on the phone.