Opay has rolled out a new protective feature for the security of customers ‘ funds.
The Need
The financial landscape has consistently faced the challenge of security.
This poses a huge concern not just for the fintech companies but also for their customers who worry about the capacity of these financial platforms to secure their funds.
The traditional security features like the two-factor verification, PINs, USSD strings and OTP have no doubt played their roles as primary protective measures.
However a surge in illicit financial activities and fraud have questioned the effectiveness of these measures, baring the need for an improved layer of security.
OPay has taken the lead role in responding to this challenge with a new and innovative security feature.
The Nightguard Feature
This new feature is OPay’s response to providing unparalleled security and peace of mind for its users.
The Nightguard feature helps users to prevent unauthorized access to their accounts and funds during the night
With The Nightguard feature, users can set a timeframe between 11:00 PM and 7:00 AM during which any transfer attempts will require enhanced identity verification.
Transfers initiated within the set timeframe would require facial recognition to be completed.
This feature is unique to the OPay App.
Commenting on this new feature, CEO, OPay Nigeria, Mr. Dauda Gotring stated that, “the Nightguard feature represents a significant advancement in Nigeria’s mobile payment landscape, offering users a robust tool to secure their financial transactions.
“As the leader in the Fintech industry in Nigeria, OPay is committed to placing control firmly in the hands of its customers, ensuring that they have the power to safeguard their finances,” he added.
About OPay
OPay was established in 2018 as a leading financial institution in Nigeria with the mission to make financial services more inclusive through technology.
The company offers a wide range of payment services, including
- money transfer,
- bill payment,
- airtime & data purchase,
- card service, and
- merchant payments, among others.
Renowned for its super-fast experience and reliable network, OPay is licensed by the CBN and insured by the NDIC with the same insurance coverage as traditional banks.
