Fintech companies including OPay, Moniepoint, and others have started notifying their customers of plans to begin deduction of N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 and above received by their customers starting from September 9. According…
By Esther Agbo In response to rising fraud cases in Nigeria, OPay has introduced ‘Nightguard,’ a new security feature aimed at bolstering customer fund protection, especially during vulnerable hours. The initiative underscores the fintech giant’s commitment to tackling financial crimes…
By Esther Agbo Leading fintech company OPay has announced the launch of enhanced security features to protect customer funds. In a statement released on Sunday, the mobile money platform emphasised its commitment to providing users with peace of mind. Licensed…
By Esther Agbo OPay, a prominent Nigerian fintech company has confirmed that its customers’ deposits are now insured up to N5 million, in line with the Nigeria Deposit Insurance Corporation (NDIC) industry standard. In a statement released on Sunday, OPay…
The Central Bank of Nigeria has lifted a six-week-long ban on onboarding new customers imposed on five of the country’s most prominent fintech startups: Paga, OPay, Kuda, Palmpay, and Moniepoint. The regulator’s directive to freeze new customer signups first came…
The Central Bank of Nigeria, CBN, has lifted its ban on onboarding new customers imposed on five prominent fintech startups: Paga, OPay, Kuda, Palmpay, and Moniepoint with immediate effect Opay in a statement on Monday through its official X handle…
Fintech platform, OPay has disclosed that it has taken down the bank account verification feature which offered a loophole for people to create accounts using other people’s identity. There have been reports by TechCabal that OPay and PalmPay accounts are…
The CBN has described as fake, the news making the rounds that it suspended accounts of Fintech companies like OPAY and PALMPAY. CBN’s Acting Director, Corporate Communications, Mr Isa AbdulMumin, told journalists in Abuja on Friday that the viral news…
The Federal Competition and Consumer Protection Commission (FCCPC) has barred all financial technology companies (FinTechs) from providing payment or transaction services to online money lenders under its investigation. The identified FinTechs such as Flutterwave, Opay, Paystack and Monify were said…
