Politics
OPay Addresses Customer Concerns Over Funds Following CBN’s Instruction
OPay Addresses Customer Concerns Over Funds Following CBN’s Instruction....KINDLY READ THE FULL STORY HERE▶
A prominent financial services provider, Opay, has communicated with its customers regarding the safety of their funds amidst recent developments. Earlier reports had highlighted the Central Bank of Nigeria (CBN)’s restrictions on several online microfinance banks, including Moniepoint, PalmPay, Opay, PiggyVest, and Kuda, from opening new accounts and accepting new customers…………CONTINUE READING
Opay, however, has moved to reassure its clientele about the security of their funds. Through a statement released on its X account on Tuesday, April 30, 2024, the institution affirmed its dedication to combating illegal financial activities within the country. The statement emphasized Opay’s commitment to adhering to regulatory guidelines set by the CBN and other governing bodies to maintain the integrity of the financial system.
The statement underlined Opay’s proactive measures in closing non-compliant accounts, implementing stringent security protocols, and educating customers to mitigate fraudulent activities. Furthermore, it mentioned the temporary suspension of onboarding new customers and creating new wallets to align with government initiatives aimed at purifying the financial sector and combating illicit activities.
Opay assured its customers that existing accounts and wallets remain unaffected by the CBN’s directive, emphasizing the security of funds and data protection. It reiterated its dedication to customer satisfaction, promoting financial inclusion, and contributing to Nigeria’s economic growth as a pivotal player in the financial landscape.
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Source: Bushradiogist
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