OPay has announced a new charge on electronic transfers into personal and business accounts in compliance with Federal Inland Revenue Service regulations. Starting September 9, 2024, a one-time fee of N50 will be applied to transfers of N10,000 and above. In a notice to its customers on Saturday, OPay stated, “Dear valued customers, please be informed
The CBN comes After Moniepoint, Opay, Kuda, Others
The Central Bank of Nigeria, CBN Bans Moniepoint, Opay, Kuda, Others From Taking New Customers Over Cryptocurrency. The ban is over allegations that they were being used to funnel cryptocurrency and manipulate the naira’s value. The Central Bank of Nigeria has barred some microfinance banks, including Moniepoint, Opay and Kuda, from opening new accounts and accepting
OPay to shut all Nigerian operations excluding payments
Opera’s African fintech startup, OPay will shut down all other businesses in Nigeria excluding its payment operations, a source familiar with the matter told Jkcyno news. According to the source, OPay’s investors sent a memo in the early hours of Tuesday to the Nigerian team directing all other verticals but payments to shut down operations and