As an institution committed to regulatory compliance, OPay adheres strictly to guidelines established by the Central Bank of Nigeria (CBN) and other regulatory bodies. This ensures the integrity and stability of the financial system. READ THE FULL ARTICLE

To uphold these standards, we have taken proactive measures:

Closed non-compliant accounts: We have terminated accounts that do not meet regulatory requirements.

Implemented robust security measures: We have established stringent security protocols to safeguard customer data and prevent financial fraud.

Educated customers: We provide comprehensive financial literacy programs to empower our customers and foster a culture of fraud prevention.

To support government efforts to clean up the financial industry, Opay and other Fintechs companies have temporarily paused onboarding new customers and creating new wallets. This action reflects our commitment to a secure financial environment and fighting against illicit activities.

Please note that existing accounts and wallets remain unaffected by the CBN’s directive. We want to assure our customers that their funds are secure, their data is protected and this is a temporary measure.

Customer satisfaction is our top priority, and we are committed to promoting financial inclusion and economic growth as key players in Nigeria’s financial ecosystem. READ THE FULL ARTICLE