News
OPay to Block Fraudulent Accounts, Enforce KYC Compliance by March 1
The decision aims to enhance platform security and safeguard customer deposits.
OPay, a Nigerian fintech company, has announced plans to remove fraudulent accounts and block non-KYC compliant accounts starting March 1, 2024.
The decision aims to enhance platform security and safeguard customer deposits.
Addressing concerns about registration gaps, Olayemi Precilia, director of cards business, highlighted upgraded security measures, including the mandatory use of the national identity number (NIN) for new customers.
Accounts not compliant by March 1st will be locked, and customers are now required to link their accounts with NIN and bank verification numbers (BVNs) to prevent fraud.
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