OPay Reassures Customers on Fund Safety Following CBN Directives

In response to recent directives from the Central Bank of Nigeria (CBN), leading financial services company OPay has sent reassuring messages to its customers regarding the safety of their funds.

The fintech giant, which has emerged as one of Nigerians’ preferred banks amid increasing e-transactions, operates as a licensed mobile money operator under the guidelines set forth by the CBN.

In a statement addressing concerns about the security of customers’ funds, OPay emphasized its commitment to combatting illicit financial activities in the nation. The company stated that it continues to collaborate closely with regulatory agencies, including the CBN, to uphold the integrity of the financial system.

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OPay affirmed its compliance with regulations and adherence to CBN guidelines to safeguard the financial ecosystem. The company highlighted its efforts, including the closure of non-compliant accounts, implementation of robust security measures, and customer education initiatives aimed at fraud prevention.

Furthermore, OPay and other fintech companies have temporarily suspended onboarding new customers and creating new wallets to support government efforts in cleaning up the financial industry. This temporary measure reflects their dedication to maintaining a secure financial environment and combating illegal activities.

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Importantly, OPay assured its clients that the CBN directive has no impact on wallets or accounts that are already open. The company reiterated that the safety of customers’ data and funds remains paramount, emphasizing its commitment to fostering financial inclusion and economic growth while prioritizing customer satisfaction.

As the financial landscape evolves and regulatory measures are implemented, OPay continues to uphold its commitment to providing safe and reliable financial services to its customers across Nigeria.