CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses - Business (3)

CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses (19925 Views)

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Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by mrkings84(m): 6:48pm On Jan 27

Thanks Opay, my millions are in safe hands

2 Likes

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by shortgun(m): 6:58pm On Jan 27

inoki247:
My Access was already giving me up to 500 but I have to return it within a month cause it's not a salary account is just a savings account but have abandon Dem for Wema...

If you've enough heavy inflow you will surely qualify..

I'm talking from experience...

Those Opay and other Fintech loan are not it the interest is too much...

My Opay qualifies for nothing less than. 500 and my fairmoney 2m buh I can't go near them....

I uses Kuda overdraft too which qualifies for 250 but I have to return by 30days why I like that one Is how long you hold the money you're only paying interest for if you hold for just a week you paying for just a week if it's for a day you paying for just a day...

We are saying the same thing. Access bank is only giving you instant loans because you have enough funds in your account. Opay will give instant loans with only your phone number, it doesn't matter weather you have money in the account or not.

If you doubt it, move all your money from access bank and see if you will still qualify for any loan as a non salary account holder.

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by ernieboy(m): 7:07pm On Jan 27

Eriokanmi:
Moniepoint seems to be in a relaxed mood rn. Opay is working hard to beat them. They need to wake up

how can opay be working to beat them when opay is already bigger than them?

2 Likes

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by LIVINGICONREBOR: 7:13pm On Jan 27

Time to fully load my opay account with some millions.🥱

3 Likes

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Emanodimo(m): 7:28pm On Jan 27

Obakoolex:
Wonderful news

Since I opened all this fintech banks , I totally forgot about old dubious banks

They have helped us to forget those bully ones.

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Matrixoba: 7:31pm On Jan 27

In order to expand the TAX NET.
Milking poor Nigerians

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by IronCondemned: 7:35pm On Jan 27

OgiidiiAlagbo11:
Long overdue,they all need physical offices in all states of Nigeria

No need. That's where the innovation comes in.

They're changing bank with physical structures to bank with digital structures. Everything and everyone's data is in the Cloud, so no fears at all.

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by press9jatv(m): 7:45pm On Jan 27

Eriokanmi:
yes, but not until recently. That's why I raised that alarm. They need to buckle up. They have a very close competitor

yes. They need to buckle up here

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by favour32(m): 7:47pm On Jan 27

PALMPAY correct!

2 Likes

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by bookson(m): 7:56pm On Jan 27

This is so that they can collect their COVID-19 loan from beneficiaries who ran to those banks to evade automatic deductions...

This government is crafty for their own good.

No hiding place for the poor masses who thought those loans were free palliatives from the government

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by yinkeys(m): 8:03pm On Jan 27

Bye Bye local banks with bad customer service grin

2 Likes

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by yinkeys(m): 8:04pm On Jan 27

favour32:
PALMPAY correct!

China man is better than the rest

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Mirasteel: 8:25pm On Jan 27

duduade:
Opay to the world oooooooooooooooooo

I stopped using the traditional banks after I found OPAY, it's been 4 years now and I have no regrets what's.

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Bimpe29(m): 8:38pm On Jan 27

Obakoolex:
Wonderful news

Since I opened all this fintech banks , I totally forgot about old dubious banks

They have been consistently making life a lot easier and better.

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Kaido: 8:41pm On Jan 27

bookson:
This is so that they can collect their COVID-19 loan from beneficiaries who ran to those banks to evade automatic deductions...

This government is crafty for their own good.

No hiding place for the poor masses who thought those loans were free palliatives from the government

This is true.

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Love800(m): 8:42pm On Jan 27

Fintech banks are just wallets.

Can you put your life-savings there?

Obakoolex:
Wonderful news

Since I opened all this fintech banks , I totally forgot about old dubious banks

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Love800(m): 8:52pm On Jan 27

And your money is in the cloud too.

So you know more than cbn who are insisting that these fintechs establish a physical branch!

IronCondemned:
No need. That's where the innovation comes in.

They're changing bank with physical structures to bank with digital structures. Everything and everyone's data is in the Cloud, so no fears at all.

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by RecentHistory: 8:57pm On Jan 27

Akpakomiza2:
Opay is no 1

Moniepoint has like x5 of Opay's deposits but Opay has more customers.

When Opay was targeting individuals, Moniepoint was targeting businesses. Today now, Opay is trying to poach Moniepoint staff.

2 Likes

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Seun(mod): 9:12pm On Jan 27

thunder74:
Nairaland don't break news again. They publish 3 or 4 days news now. Please Seun step up the game.

@nlfpmod

4 Likes

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Guestmale: 9:29pm On Jan 27

I hope this upgrade will not turn them to those same old big boys bank.

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Teymanhenry(f): 9:57pm On Jan 27

These guys have made traditional bank staffs to be wearing okirika. It's either they upgrade their services or they'll be forever left behind... I have GTB, First Bank and Access bank accounts. I only use them to receive salary or any official credit alerts. After wichi I forget them for th next 30 days 😂

2 Likes

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Kingzjayzee: 10:12pm On Jan 27

Islie:
https://www.vanguardngr.com/2026/01/cbn-upgrades-opay-moniepoint-others-to-national-licenses/

but we never still fit use OPAY receive salary ☹️

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by miniziter(m): 10:13pm On Jan 27

ernieboy:
how can opay be working to beat them when opay is already bigger than them?

Moniepoint is bigger in business banking while Opay is bigger in retail.

2 Likes

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by miniziter(m): 10:14pm On Jan 27

RecentHistory:
Moniepoint has like x5 of Opay's deposits but Opay has more customers.

When Opay was targeting individuals, Moniepoint was targeting businesses. Today now, Opay is trying to poach Moniepoint staff.

Don't mind them. They are disturbing my customers.

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Onewazobia(m): 11:50pm On Jan 27

mohbadliveson:
Why are they not listed on Nigerian Stock Exchange?

Just little more time pls

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by AngeloMonbest(m): 7:50am On Jan 28

Wonderful! wink

Policy to enhance the fintech bank globally.
It really worth it, they're doing great going Locally to Globally for the benefits of the of customers and making life easier to save and earn and creating job opportunities.

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Kobicove(m): 8:17am On Jan 28

crossbreedwears:
They have been saving lives for a life. God bless fintech banks

That one no mean say make you go carry your entire life savings keep inside fintech wey fit collapse anytime undecided

1 Like

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by crossbreedwears(m): 2:51pm On Jan 28

No wahala sir. I'll take your advise.

Kobicove:
That one no mean say make you go carry your entire life savings keep inside fintech wey fit collapse anytime

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Ajibade123(m): 9:04am On Jan 30

Seun:
@nlfpmod

Sometimes I wonder if the people working here are full time workers or it's just a volunteer thing, this place use to be the place for breaking news but now that's no longer the case

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Bowwow11(m): 10:56pm On Jan 30

Bluntemperor:
You should Stop 🛑 making meaningless statements - Complain Upon Complain,as we know it in your DNA!
Because the World 🌎 is evolving Speedily and No Country dare to stay with one Policy in today's technology.
So,you either Accept the rapid Changes or you becomes Stale with the global trend!

I don't know how my harmless comment is affecting ur mental health here please back off

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Oluseun234: 7:23pm On Jan 31

@Bowwow11.
Don't mind them jare. You are absolutely right about "polices upon polices in Nigeria" that only make life tougher and regretful for the masses. Though the non-physical presence of some full digital banks are risky for our savings but I hope they won't be forced in the future to behave like these traditional banks as it wouldn't be easy to close down all physical branches but to comply to unfavourable future banking policies. Well, the Chinese man is cleverer. They came up with their banking style in Nigeria; they'll know how to boycott their bullshit

Re: CBN Upgrades Opay, Moniepoint, Palmpay, Others To National Licenses by Bowwow11(m): 9:08pm On Jan 31

Wickedtruths:
Keep crying
The founders were not as old as your younger ones when they started.
You are still here doing what you've always been doing. Keep it up.

am weeping for you and not myself

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