In an ongoing effort to maintain a secure financial environment and combat illicit activities, OPay, a leading fintech company in Nigeria, reaffirms its commitment to working closely with the Central Bank of Nigeria (CBN) and other regulatory bodies.
As a regulatory-compliant institution, OPay adheres to the rules established by the CBN and other regulatory authorities to ensure the integrity of the financial system. In line with this commitment, the company has taken several important steps to enhance security measures and educate customers to combat fraud effectively.
To support the government’s initiatives aimed at cleaning up the financial industry, OPay, along with other fintech companies, has temporarily paused onboarding new customers and creating new wallets. This decision underscores OPay’s dedication to providing a secure financial environment and fighting against money laundering, fraud, terrorism financing, and other illegal financial activities.
It is important to note that existing accounts and wallets held by OPay customers remain unaffected by the CBN’s directive. The company reassures its customers that their funds are secure, and their data is protected. The temporary measure aims to contribute to the overall goal of maintaining a secure financial ecosystem.
OPay places customer satisfaction as its top priority and remains committed to promoting financial inclusion and supporting economic growth as a key player in Nigeria’s financial ecosystem. By working closely with regulatory bodies, the company aims to strengthen its efforts in combating illegal financial activities and ensuring a safe and transparent financial environment for all stakeholders.
As the situation evolves, OPay will continue to collaborate with regulatory bodies, implement necessary security measures, and keep its customers informed about any further developments. The company remains steadfast in its commitment to providing reliable and secure financial services while contributing to Nigeria’s economic progress.
