Fintech powerhouse Opay has responded to the recent directive from the Nigeria Inter-Bank Settlement System (NIBSS), instructing banks in the country to remove non-deposit-taking financial institutions from their NIP fund transfer channels.
The directive, which highlighted violations of Central Bank of Nigeria (CBN) guidelines, specifically targeted entities like Switching Companies, Payment Solution Service Providers, and Super Agents.
Naija News previously reported on NIBSS’s warning, emphasizing that these non-deposit-taking entities were not permitted to receive inflows due to their licensing restrictions.
In a statement posted on Opay’s official platform, the fintech giant clarified that it remains unaffected by the NIBSS directive.
The statement reassured users, stating, “We wish to state that Opay is not affected by the recent circular published by NIBSS.
The focus is on payment service solution providers, switches, and super agents.
Opay is a Mobile Money Operator (MMO) licensed by the CBN and insured by the NDIC. Your funds are safe and secure with Opay.
