Tag: OPAY

Opay, Kuda, others to be taken down from fund transfer channels - Report
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Opay, Kuda, others to be taken down from fund transfer channels – Report

          Banks in Nigeria have received instructions from the Nigeria Interbank Settlement System Plc to remove all non-deposit-taking financial institutions from their NIP fund transfer channels. Non-deposit-taking financial institutions encompass switching companies, payment solution service providers, and super agents. The NIP fund transfer channels comprise USSD, mobile banking apps, POS, ATMs, […]

OPay launches security features to secure clients' funds
News

OPay denounces viral video alleging fraudulent activities

Mobile money platform, OPay, has described the video making the rounds on social media regarding alleged fradulent activities on some OPay agent accounts as fake. According to the statement released by the company, relevant actions were taken along with the stakeholders when the incident occured two years ago, precisely on the 23rd of August, 2021. […]

Opay president Olu Akanmu steps down after two years
News Tech

Opay president Olu Akanmu steps down after two years

Olu Akanmu has stepped down as the president and co-CEO of OPay Nigeria, according to a statement he posted on his Twitter profile on Monday. “My gratitude to all my colleagues at Opay for the good work we did together in deepening financial inclusion in Nigeria, ensuring that less and less number of our people […]

OPay celebrates five-year anniversary, unveils new logo
Business

OPay celebrates five-year anniversary, unveils new logo

OPay Nigeria, a well-known financial services provider, has formally rebranded and released a new logo to commemorate its fifth year in the Nigerian market. This transformation not only signifies the company’s considerable development and influence over the years, but also its commitment to enter a new era with improved services, technological developments, and the desire […]

Lagos startup ecosystem biggest in sub-Saharan Africa - Report
Business

Lagos startup ecosystem biggest in sub-Saharan Africa – Report

A new analysis by policy and advisory research firm Startup Genome has revealed that Lagos is the regional leader in the Sub-Saharan startup ecosystem in terms of ecosystem value and capital raised. The report claims that the Lagos startup ecosystem was valued at $8.4 billion between the second quarter of 2020 and 2022 utilizing the value of […]

CBN denies rumors on suspension of OPAY, PALMPAY
Banking

CBN denies rumors on suspension of OPAY, PALMPAY

The rumors that the Central Bank of Nigeria has suspended accounts of Fintech businesses like OPAY and PALMPAY have been labeled as false by the bank. The viral rumor is “just fake,” CBN’s Acting Director of Corporate Communications, Isa AbdulMumin, told the News Agency of Nigeria in Abuja on Friday. According to the widely circulated […]