News

Fidelity Bank Resumes Transfers To OPay, Kuda, Moniepoint, and Palmpay

Fidelity Bank has reestablished the ability to transfer funds to neobanks including OPay, Moniepoint, Palmpay, and Kuda, a few weeks after temporarily blocking these transactions due to concerns related to rising fraud and customer verification issues. Sources within the neobanks have confirmed that Fidelity Bank has now reinstated customer transfers to these financial platforms. Approximately […]

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Fidelity Bank Restricts Transfers To OPay, Kuda, Moniepoint, Palmpay Over KYC Issues

Fidelity Bank, a Nigerian commercial bank, has implemented restrictions on fund transfers to neobanks like OPay, Palmpay, Kuda, and Moniepoint, citing concerns about their lax Know Your Customer (KYC) processes, which have been linked to a surge in fraud cases. Multiple sources with direct knowledge of the matter have confirmed that Fidelity Bank is now […]

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OPay Responds To Viral Video Alleging Fraudulent Withdrawals

Several OPay customers experienced anxiety on Sunday when a video surfaced online featuring individuals voicing complaints about unauthorized withdrawals from their accounts. In the video, OPay agents gathered at the Alender House Office of the company in the Alausa area of Ikeja to protest against what they claimed were unauthorized transactions on their accounts. They […]

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CBN Debunks Viral News Suspending OPAY, PALMPAY

The Central Bank of Nigeria (CBN) has described as fake, the news making the rounds that it suspended accounts of Fintech companies like OPAY and PALMPAY. CBN’s Acting Director of Corporate Communications, Isa AbdulMumin, told the News Agency of Nigeria (NAN) in Abuja on Friday that the viral news “is simply fake’’. The viral news […]