Tag: OPay
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Panic as OPay threatens to yank off customers accounts
OPay, a leading financial technology company, has warned its customers against trading in cryptocurrency or any virtual currency on its app. In a notice issued on Friday, the company said it would block any account found engaging in such trading and also forward the details of the account owner to the regulator. “In compliance with…
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Opay clarifies on CBN directive, reassures customers funds are secured
Opay has reassured its customers of the safety of their funds following fresh directive by the Central Bank of Nigeria, CBN on their operations. Reacting to the development the company in a statement said: “OPay remains committed to working closely with the Central Bank of Nigeria (CBN) and other regulatory bodies to fight money laundering,…
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CBN opens up on blocking OPay, PalmPay, other Fintech accounts
The Central Bank of Nigeria (CBN) has described as fake, the news making the rounds that it suspended accounts of Fintech companies like OPay and PalmPay.
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Soko digital money lender, others barred from providing loan services
The Federal Competition and Consumer Protection Commission (FCCPC) says it has ordered all financial technology companies (FinTechs) to stop providing payment or transaction services to digital money lenders under its investigation.
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OPay shuts down ORide, OCar, OExpress, others in Nigeria
Popular Chinese-owned African fintech startup, OPay, has announced it is suspending some of its Nigerian operations including ORide, OCar, and OExpress, excluding its payment operation, Opay. In a statement on Thursday, the company said it is pausing some of its operations “due to the harsh business conditions which have affected many Nigerian companies, including ours,…