OPay Reacts-Speaks On Safety Of Customers’Fund As CBN Directs Banks To Discount Fintech Platform Fund Transfer Channels

 

Fintech giant OPay has reacted to the recent directives issued by the Nigeria inter-bank settlement system (NIBSS),ordering banks in the country to take down every non-deposit-takin financial institutions from their nip fund channel transfer.                                                Naija News,reported that NBISS,in the directive to banks,noted that having these non deposits-taking-financial institutions,such as switching companies,payment solution service providers and super Agents as beneficiary institutions,contravenes the central bank of Nigeria CBN guidelines on electronic payment.