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Opay, Moniepoint, Others To Register New Customers From July - Business - Nairaland

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Opay, Moniepoint, Others To Register New Customers From July by dre11(m): 5:57pm On May 21
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like Opay, Palmpay, Kuda and Moniepoint Microfinance Banks will resume enrolling new customers in a couple of months from now.

The disclosure was made by CBN Governor, Mr Olayemi Cardoso, at the end of 295th Monetary Policy Committee (MPC) meeting of the apex Bank in Abuja on Tuesday.

Olayemi said the CBN has engaged many of the players on the need to strengthen their operations. He said that in a bid to block money laundering and illicit flows, CBN brought up measures that will tighten the sector up on both new and existing client base.

He said, I am confident that as time goes on, and hopefully in another couple of months, all these will be something of the past and then you will see the sector going back into what they’ve been known to do before, but certainly with a very stronger regulatory framework.”

When asked the reason why CBN stopped the onboarding of new customers into fintech in April, Cardoso said reports that the apex Bank has decided to clamp down on fintech firms were “furthest from the truth”.

The fintechs have not been singled out for any exceptional kind of treatment,” he reiterated.

He added that CBN was proud of the fintech firms and their exploits in the previous years, assuring that CBN would continue to support them amidst regulations and surveillance.

“Regulation is very critical in a sector that seems to have grown so incredibly rapidly.

“Most recently, we had cause to take a deep dive look at the whole issue of illicit flows and money laundering particularly within the non-heavy regulated banking system and we all know some of the issues that came out with cryptos and some of the messages we put out after that,” Cardoso stated.

https://leadership.ng/opay-moniepoint-others-to-register-new-customers-from-july/

8 Likes 2 Shares

Re: Opay, Moniepoint, Others To Register New Customers From July by helinues: 5:58pm On May 21
Olayemi said the CBN has engaged many of the players on the need to strengthen their operations. He said that in a bid to block money laundering and illicit flows, CBN brought up measures that will tighten the sector up on both new and existing client base.

Toh

40 Likes

Re: Opay, Moniepoint, Others To Register New Customers From July by acili: 6:09pm On May 21
Why are these mobile banks faster than Nigerian Banks in terms of transactions

15 Likes

Re: Opay, Moniepoint, Others To Register New Customers From July by Jagabanbattle: 6:58pm On May 21
It was a foolish decision in the first place. An ignorant move by the CBN. Threatening bank customers through banks. Since this useless directive was given, OPay and other mobile banks should tell us how much loss they recorded.

Sending an improving Naira back to being useless. Cryptocurrency trading should be allowed. EFCC and CBN should do their work in targeting money launderers not ordinary traders. Unfortunately, EFCC can’t differentiate between traders and launderers. It’s an eyesore.

46 Likes 5 Shares

Re: Opay, Moniepoint, Others To Register New Customers From July by LadyExcellency: 7:08pm On May 21
acili:
Monipoint will feel it more than other mobile banks

The reason for stopping the onboarding of new customers was genuine. Why should these fintechs be hawking debit cards like gala and carbonated drinks? They skip KYC and allow fraudsters to use their platforms for fraud and illicit businesses.

Btw, they should include betting platforms as the crooks and fraudsters use them for transferring stolen money to their accounts.

20 Likes 2 Shares

Re: Opay, Moniepoint, Others To Register New Customers From July by Mercylike(f): 7:15pm On May 21
sad
Re: Opay, Moniepoint, Others To Register New Customers From July by Frenzyboy(m): 7:15pm On May 21
How this one take concern me? Misplaced priority government like APC

6 Likes 2 Shares

Re: Opay, Moniepoint, Others To Register New Customers From July by Pootle: 7:15pm On May 21
okay
Re: Opay, Moniepoint, Others To Register New Customers From July by MANNABBQGRILLS: 7:15pm On May 21
I am confident that as time goes on, and hopefully in another couple of months, all these will be something of the past and then you will see the sector going back into what they’ve been known to do before, but certainly with a very stronger regulatory framework.”
We truly hope so.
Anything to make this country great is all we are after at MANNA.

Nigeria will be great in our lifetime whether,
Whether the evil ones like it or not.
God bless Nigeria 🇳🇬.

We Rise ✔️

40 Likes 5 Shares

Re: Opay, Moniepoint, Others To Register New Customers From July by PheelzAlmighty: 7:16pm On May 21
And tinupoo is still in power...

Una eye go peel. Next!!!!

4 Likes 1 Share

Re: Opay, Moniepoint, Others To Register New Customers From July by bjayx: 7:16pm On May 21
Our 9ja commercial banks are fraud.
Just cos of the competition that has taken most of their customers due to their fraudulent charges to this fintech banks, they are waging war against them thru the federal govt. I prefer opay to our normal naija banks, 💯
The banking sector is a cabal on its own.
Did you see the elites at Wigwe funeral. They know themselves at the top n they feed on the masses wealth. Did you know how much was donated by these banks during covid lockdown to FG? CBN, banks n our bereau de change is another. We need a total overhaul of these people in govt but these politicians can't be trusted. I don't believe in any of them....i mean NONE!

32 Likes 3 Shares

Re: Opay, Moniepoint, Others To Register New Customers From July by juwoonn(m): 7:16pm On May 21
Please somebody should help me with "Sometimes in April" 2004 or 5 movie.
I can't find the full video anywhere online.
Re: Opay, Moniepoint, Others To Register New Customers From July by LadyExcellency: 7:17pm On May 21
Jagabanbattle:
It was a foolish decision in the first place. An ignorant move by the CBN. Threatening bank customers through banks. Since this useless directive was given, OPay and other mobile banks should tell us how much loss they recorded.

Sending an improving Naira back to being useless. Cryptocurrency trading should be allowed. EFCC and CBN should do their work by targeting money launderers, not ordinary traders. Unfortunately, EFCC can’t differentiate between traders and launderers. It’s an eyesore.

Why should people and agents be permitted to use POS with a business address in Abuja but operate in Portharcourt? The Fintechs are complying with the directives and correcting the abnormalities and you are here complaining of loss.

6 Likes 2 Shares

Re: Opay, Moniepoint, Others To Register New Customers From July by Xxxylxxxx: 7:17pm On May 21
LadyExcellency:


The reason for stopping the onboarding of new customers was genuine. Why should these fintechs be hawking debit cards like gala and carbonated drinks? They skip KYC and allow fraudsters to use their platforms for fraud and illicit businesses.

Btw, they should include betting platforms as the crooks and fraudsters use them for transferring stolen money to their accounts.
I don't think so because you can't withdraw deposit money. Only winnings is allowed.

1 Like

Re: Opay, Moniepoint, Others To Register New Customers From July by justmondris: 7:17pm On May 21
acili:
Monipoint will feel it more than other mobile banks
Why?
Re: Opay, Moniepoint, Others To Register New Customers From July by PrinceofSarcasm: 7:18pm On May 21
It's dishearteningly true. The EFCC appears lacking in proper training for cyber intelligence and financial crime intelligence, evident in their failure to target money launderers effectively. Instead, they seem to prioritize minor victories, like apprehending yahoo boys, to maintain a facade of productivity.

The recent exposure of EFCC's compromised state only exacerbates the issue, rendering them incapable of tackling the root of the problem – the politicians and powerful individuals behind these illicit activities.

In an ideal scenario, the EFCC would focus on dismantling the networks of bank MDs, money launderers, and bureau de change owners, but alas, it seems like wishful thinking in today's reality.

4 Likes

Re: Opay, Moniepoint, Others To Register New Customers From July by Jlow2: 7:18pm On May 21
Patch patch cv ,trying and errors , emilokan boys think Lagos is Nigeria

2 Likes

Re: Opay, Moniepoint, Others To Register New Customers From July by straighttalk(m): 7:18pm On May 21
Good luck
Re: Opay, Moniepoint, Others To Register New Customers From July by bigdammyj: 7:19pm On May 21
Noted.
Re: Opay, Moniepoint, Others To Register New Customers From July by nairalee(m): 7:23pm On May 21
I don't get.

Why July?

It seems the government Hates anything that makes life easy for the citizens. Instead of the banks to find a way to resolve their terrible network they are looking for a way to frustrate it?

If the banks had very good network without frequent transaction errors will people go for opay and moniepoint?

7 Likes 1 Share

Re: Opay, Moniepoint, Others To Register New Customers From July by LadyExcellency: 7:29pm On May 21
Xxxylxxxx:

I don't think so because you can't withdraw deposit money. Only winnings are allowed.

They will use it to play one sure odd and cash out immediately.

They stole my money

Re: Opay, Moniepoint, Others To Register New Customers From July by Streetdoctor: 7:29pm On May 21
Bulabu
Re: Opay, Moniepoint, Others To Register New Customers From July by Skillsnigeria: 7:31pm On May 21
Noted
Re: Opay, Moniepoint, Others To Register New Customers From July by ecomalchemistt(m): 7:32pm On May 21
Great strides.
Re: Opay, Moniepoint, Others To Register New Customers From July by NothingDoMe: 7:33pm On May 21
LadyExcellency:


They will use it to play one sure odd and cash out immediately.

They stole my money
😄😄😄
Re: Opay, Moniepoint, Others To Register New Customers From July by Otulaeke: 7:33pm On May 21
juwoonn:
Please somebody should help me with "Sometimes in April" 2004 or 5 movie.
I can't find the full video anywhere online.

Have you gotten it ? If no , reply me I have the full movie here on my phone
Re: Opay, Moniepoint, Others To Register New Customers From July by Michella25: 7:35pm On May 21
Okay...
Re: Opay, Moniepoint, Others To Register New Customers From July by juwoonn(m): 7:36pm On May 21
Otulaeke:


Have you gotten it ? If no , reply me I have the full movie here on my phone
No, I've not bro.
Please help me with it.
Thanks
Re: Opay, Moniepoint, Others To Register New Customers From July by Otulaeke: 7:36pm On May 21
Na WA o
Re: Opay, Moniepoint, Others To Register New Customers From July by Streetdoctor: 7:37pm On May 21
Jagabanbattle:
It was a foolish decision in the first place. An ignorant move by the CBN. Threatening bank customers through banks. Since this useless directive was given, OPay and other mobile banks should tell us how much loss they recorded.

Sending an improving Naira back to being useless. Cryptocurrency trading should be allowed. EFCC and CBN should do their work in targeting money launderers not ordinary traders. Unfortunately, EFCC can’t differentiate between traders and launderers. It’s an eyesore.
U dun finish wit explanation?? U go explain until ur hand go begin d pain u

1 Like

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