Tag: Opay
OPay introduces facial recognition for high-value transfers
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Opay has launched a new security feature called “Large Transaction Shield” that requires facial recognition of the account…
Opay, others to charge N50 levy on electronic money transfers in Nigeria
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Nigerian fintech companies like OPay, Moniepoint, and PalmPay will charge N50 for electronic payments of N10,000 or more…
CBN lifts Opay, Moniepoint, others account ban following compliance efforts
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The Central Bank of Nigeria (CBN) has announced that the ban on new account openings for leading fintechs,…
OPay’s valuation nears $3 billion as Nigeria’s digital payments surges
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OPay, the Nigerian fintech startup backed by notable investors such as Sequoia Capital and Softbank, has seen a…
OPay, Kuda, Moniepoint, others pause signups amidst CBN probe
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Kuda Bank, Moniepoint, OPay, and Palmpay have temporarily halted new customer account openings following a directive from the…
African fintech LemFi hires ex-OPay COO
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Allen Qu will lead African Fintech Company LemFi’s attempts to grow among the Chinese diaspora. Qu, who has…
OPay vows to block accounts without BVN or NIN by March 1
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In response to the Central Bank of Nigeria’s (CBN) stringent Know-Your-Customer (KYC) directives, OPay, a leading mobile-based payment…
OPay’s inadequate KYC system is under investigation
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Studies have shown that OPay, a Nigerian financial technology business, has continued to implement sloppy registration procedures that…
Fidelity Bank blocks transfers to OPay, Moniepoint, and Palmpay over KYC concerns
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Neobanks such as OPay, Palmpay, Kuda, and Moniepoint have been prohibited by Fidelity Bank, a commercial bank in…
Nigeria FCCPC investigates OPAY
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The Federal Competition and Consumer Protection Commission will ask OPay about Nigerians’ claims of unauthorised accounts. The company’s…
