OPay Sued Over Alleged Data Breach, Staff Poaching in Intensifying Fintech Rivalry
TeamApt, Moniepoint sue OPay, accuse firm of data breach, unethical recruitment and CBN rule violations. Plaintiffs allege poaching of BRMs and aggregators to extract insider information for POS deployment. Court…
OPay Introduces New Fee Structure for Electronic Transfers
OPay, a leading digital payment platform, has announced a new fee structure for electronic transfers to personal and business accounts, effective September 9, 2024. Reports indicated that the move is…
CBN Fined N2bn on Moniepoint, OPay Amid Stricter Fintech Oversight – Report
The Central Bank of Nigeria (CBN) has reportedly imposed N1 billion fines each on Moniepoint and OPay in the second quarter of 2024. This follows a routine audit of fintech…