By Tambaya Julius, Abuja
In response to the Central Bank of Nigeria’s stringent Know-Your-Customer (KYC) directives, OPay, at the forefront of mobile payments, announces a comprehensive plan to delist accounts lacking valid Bank Verification Numbers (BVN) and/or National Identification Numbers (NIN) effective March 1, 2024.
In adherence to the recent CBN mandates, OPay’s Director of Card Business, Priscilla Olayemi, conveyed the company’s unwavering commitment during a media briefing in Lagos.
She outlined the initiation of the KYC process, mandating tier one account holders to link their BVN or NIN for financial transactions.
Furthermore, new registrations now necessitate the submission of BVN or NIN details.
To enhance security and comply with CBN directives, OPay, the mobile payments trailblazer, has embarked on a robust KYC implementation.
Starting March 1, 2024, stringent measures will be in place, requiring all accounts to be linked with valid BVN and/or NIN.
To maintain financial integrity, OPay’s Director of Partnerships, I.K Odiase, asserted that any accounts identified as fraudulent will face immediate removal from the platform.
This stringent approach aims to align with CBN’s directives, ensuring a secure and trustworthy financial ecosystem.
Addressing the need for accuracy, Odiase urged OPay’s user base to verify that account information aligns with their NIN and BVN records.
Conflicting information, in violation of CBN guidelines, will result in the termination of accounts.
Adekunle Adeyemi, OPay’s Head of Marketing and Communications, highlighted ongoing efforts to educate users on fraud risks.
Through in-app messages and social media, OPay aims to keep customers informed and vigilant against potential threats.
Adeyemi reinforced OPay’s commitment to customer protection, citing robust security measures and USSD codes for account recovery in case of theft or compromise.
The company’s goal is to ensure customers feel secure under any circumstances.
