Nigeria’s most prominent unicorns, MoniePoint and OPay have been groaning under debilitating fines imposed by the Central Bank of Nigeria (CBN). The nation’s apex bank, as...
Following the Electronic Money Transfer Levy of N50, charged by the Federal Inland Revenue Service (FIRS) on every electronic inflow of N10,000 and above, operators of...
Digital payment banks like PalmPay, OPay, Moniepoint, among others have started the implementation of N50 stamp duty collected by the federal government. The fee, known as...
Opay will begin charging customers a N50 levy on electronic transfers of N10,000 and above paid into their accounts from September 9, 2024. The fintech revealed...
Fintech companies across the country have been instructed to report all crypto trades to relevant authorities. This directive comes amidst the recent freezing of 105 accounts...
The Central Bank of Nigeria’s (CBN) has directed four leading fintech companies, OPay, Palmpay, Kuda Bank, and Moniepoint to halt the onboarding of new customers pending...
Nigeria’s OPay, the fintech startup that has been making waves in the country’s digital payments landscape, has seen its valuation soar to $2.7 billion. This represents...
OPay, a prominent financial services firm, has called upon its customers to finalize the verification of their accounts by linking their Bank Verification Numbers (BVN) or...
Opay, the Nigerian fintech giant, has issued a stern directive to its customers on the need for immediate compliance with the Know Your Customer (KYC) requirements...
OPay, the digital banking platform boasting over 40 million registered users, has strategically eliminated its bank account verification feature. This move follows revelations of a technical...