…maintains Existing Customers Not Affected
Fintech company, Opay, on Tuesday said it has taken steps to comply with the directive of the Central Bank of Nigeria to stop onboarding new customers.
Opay said as a responsible corporate organisation, it has no objection to whatever regulations being put in place by the regulator to ensure sanity in the financial system.
It will be recalled that the CBN had on Monday ordered the company and others like Kuda to stop onboarding new customers.
In the statement released by the management on Tuesday, the company said, “OPay remains committed to working closely with the Central Bank of Nigeria (CBN) and other regulatory bodies to fight money laundering, fraud, terrorism financing, and other illegal financial activities.
“As a regulatory-compliant institution, OPay follows the rules set by the CB and other regulators to ensure the financial system’s integrity. To achieve this, we have closed non-compliant accounts, implemented strict security measures, and educated customers to help combat fraud.”
It added that 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.”
