Opay and other Fintech companies have temporarily paused onboarding new customers and creating new wallets, according to CBN's new directive
Nigerian Fintech company, OPay said it has temporarily paused onboarding new customers and creating new wallets. OPay announced this in a statement with other Fintech companies taking the same step, according to the new directive from the Central Bank of Nigeria . The firm's management in the statement also offered clarity on CBN's new directive…
The firm’s management in the statement also offered clarity on CBN’s new directive and reassured its customers of the safety of their funds.The Apex Bank had suspected the affected four Fintech companies of being used for illicit foreign exchange transactions. “This action reflects our commitment to a secure financial environment and fighting against illicit activities.”
Nigerian workers, hovering at about 50 million, have remained among the lowest earners in the world, as the monthly wage floor in Africa’s most populous country has fallen to $23 amidst the worsening cost of living crisis .
Fintech Companies Foreign Exchange Kuda Bank Moniepoint Opay Palm Pay
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