₦airaland Forum

“We categorically refute the claims that OPay Digital Services was fined by the Central Bank of Nigeria to the tune of ₦1 billion for regulatory infractions,” OPay said in a statement to TechCabal. “These claims are entirely false.”

The Central Bank of Nigeria did not immediately respond to a request for comments.

So this entire write up is just speculation?

Read the post and it didn’t say anything about why they were fined

tarboshi:
Last last, na you and me go still pay the fine

Gbam

Great100000:
[b]CBN fines Moniepoint and OPay ₦1 Billion each as Nigeria tightens fintech regulation


Source: https://techcabal.com/2024/12/10/cbn-fines-moniepoint-and-opay/

these ones na thrived… imagine coming for an audit with a target on how much they will extort from financial institutions as fines.
Only in jagabantist government.

Criminal government.

Hehe, i saw the award, was wondering why the fines

Wolexyoshi:
Same Opay that was given a recognition award yesterday... Hummmm!

Meanwhile, all these Big for nothing commercial Banks might be behind all this FINE SHIT. They are afraid of the rate at which all the Fintech Banks are taking their customers.

Nigerians will not run to them if their original nigerian banks were doing as they should.

The Opay and co are a breath of fresh air, the convenience and even opportunities drives people to them, i use them but i put some limits, since they do not have physical offices.

PRINCESSFCFANSs:
With all this fine, here and there and all the money made in all sectors of the country ,


why is the country economic situations keep increasing ?


what we don't like about this e-banking like monie point, opay and co is that ,customers are at risk ,with no where visible to report or complain to ,if anything goes wrong with their account ,
and their online customer care is always out of services ,

Nigerians are seriously at risk with such banking methods ,


Princess FaithChukwu

arkad139:
These fintechs are more reliable than our yeye banks

There's effort to frustrate them

GTB should also be punished.
You dial *737# and immediately they carry out their deductions, your transactions goes or not

Great100000:
[b]CBN fines Moniepoint and OPay ₦1 Billion each as Nigeria tightens fintech regulation


Source: https://techcabal.com/2024/12/10/cbn-fines-moniepoint-and-opay/

But this is fake news na.

arkad139:
These fintechs are more reliable than our yeye banks

💯

SeriouslySense:
Hehe, i saw the award, was wondering why the fines

This is a fake news. They were never fined anything.

The best bro

arkad139:
These fintechs are more reliable than our yeye banks

PRINCESSFCFANSs:
With all this fine, here and there and all the money made in all sectors of the country ,


why is the country economic situations keep increasing ?


what we don't like about this e-banking like monie point, opay and co is that ,customers are at risk ,with no where visible to report or complain to ,if anything goes wrong with their account ,
and their online customer care is always out of services ,

Nigerians are seriously at risk with such banking methods ,


Princess FaithChukwu

trash

Clueless CBN, just there to make life unbelievable for Nigerians. God go judge all of you.

PRINCESSFCFANSs:
With all this fine, here and there and all the money made in all sectors of the country ,


why is the country economic situations keep increasing ?


what we don't like about this e-banking like monie point, opay and co is that ,customers are at risk ,with no where visible to report or complain to ,if anything goes wrong with their account ,
and their online customer care is always out of services ,

Nigerians are seriously at risk with such banking methods ,


Princess FaithChukwu

You like talk well well 😂, check these answers online they are there..

Make I quickly move my 3million from my opay account to my first bank before a story that touches the kidney will surface

Cbn don open office

Great100000:
[b]CBN fines Moniepoint and OPay ₦1 Billion each as Nigeria tightens fintech regulation


Source: https://techcabal.com/2024/12/10/cbn-fines-moniepoint-and-opay/

I sha hope Piggyvest no dey involved oh

I hope so thank you

prophetfire:
This is a fake news. They were never fined anything.

Sonofgod1990:
Make I quickly move my 3million from my opay account to my first bank before a story that touches the kidney will surface

find me small change inside make i chop

The only reliable organisations right now, instead of FG to find a way to encourage this organisation, CBN dey there dey try themselves

That's a hefty fine for a relatively small company, when compared to the commercial banks.
.. looks like an indirect taxation to me.

MONIEPOINT DEY CHOP MY N50 STEADY.

IT GO TOUCH EVERYWHERE LAS LAS

PRINCESSFCFANSs:
With all this fine, here and there and all the money made in all sectors of the country ,


why is the country economic situations keep increasing ?


what we don't like about this e-banking like monie point, opay and co is that ,customers are at risk ,with no where visible to report or complain to ,if anything goes wrong with their account ,
and their online customer care is always out of services ,

Nigerians are seriously at risk with such banking methods ,


Princess FaithChukwu

its funny how nigerians are not scared of mmm type of scams....
bitcoin type of thing collapsed and many nigerians dont know....

atleast banks have sometype of insurance when something go wrong....
something go wrong with this digital money people then your entire money is lost and nobody go refund you....

So CBN can not fine all this online bearue d change like
Gray , geepee, piggyvest.
This are the platform that are operating under the nose of the CBN and are using Nigerian Bank account for transactions but there Dollar to Naira exchange rate
Does No follow CBN guide line

One thing I have learned from Opay is, by sheer will, forward thinking and God's grace, we can turn adversity into stepping stones for greater things. I was among the first set of Opay users when they first made an appearance in Nigeria as a bike hailing app. My registration was so hectic, I almost gave up because I had to fill a physical form and submit together with a government issued ID card and utility bill. All for Uber okada. And I enjoyed their okada services while it lasted.

When the Lagos state government banned commercial bikes on the highway, we thought that was the end of the company. Like joke like joke, they eased away from bike hailing into financial services, with their app slowly metamorphosing with each update. From bike
hailing, they ventured into dispatch ride and parcel delivery services, and then financial services. And then Emefiele's inglorious reign of fiscal terrorism sealed their reputation.

The rest, as they say, is history.

Oh yes, I learned from them.

arkad139:
These fintechs are more reliable than our yeye banks

Honestly
Very fast transactions with almost zero fees.
I think these yeye banks are the ones fighting the fintechs through CBN because of their growing popularity. I can't see any reason by CBN for fining them such amount. They just want to frustrate them.

Wolexyoshi:
Same Opay that was given a recognition award yesterday... Hummmm!

Meanwhile, all these Big for nothing commercial Banks might be behind all this FINE SHIT. They are afraid of the rate at which all the Fintech Banks are taking their customers.

Exactly!

Great100000:
[b]CBN fines Moniepoint and OPay ₦1 Billion each as Nigeria tightens fintech regulation


Source: https://techcabal.com/2024/12/10/cbn-fines-moniepoint-and-opay/

JagabanBorgu come and see the thing I'm talking about. Brainless fines here and there until the company will pack up. That's what they always do to investors that I'm talking about.

Very true ...but they're still more effective than traditional banking institutions

PRINCESSFCFANSs:
With all this fine, here and there and all the money made in all sectors of the country ,

why is the country economic situations keep increasing ?


what we don't like about this e-banking like monie point, opay and co is that ,customers are at risk ,with no where visible to report or complain to ,if anything goes wrong with their account ,
and their online customer care is always out of services ,

Nigerians are seriously at risk with such banking methods ,


Princess FaithChukwu

We won't hear CBN fine banks that are stealing customers funds with software upgrade, or banks that are harassing customers with dubious practices.
Fintech has come to stay, it is the future nothing can be done about it.
Kudos to Opay and moniepoint, they re innovators.
Traditional banks will go extinct soon.

The source of this news is not genuine ..🤔