OPay, a Nigerian mobile money platform, has launched a suite of security features aimed at  ensuring user’s fund are secure.

The company has launched the *955*131# USSD short code which allows users to instantly lock their OPay account in mobile when the phone is misplaced or stolen.

 Mr. Dauda Gotring, managing director of OPay, said:“At OPay, Users’ financial security is our top priority. By combining comprehensive regulatory compliance, innovative security features, and ongoing user education, we are building a digital banking ecosystem where users can transact with confidence.

The  *955*132# USSD code allows a user to lock OPay card with a single dial, adding another layer of protection, its advanced fraud detection system actively monitors suspicious activity. If a potential scam is identified, the system triggers an immediate double-confirmation alert before any transaction occurs.

This swift action can potentially save you from unauthorized transactions and ensure peace of mind.

This crucial pause empowers users to verify the recipient and transaction details, effectively catching scams in their tracks before any damage is done. It’s like having a vigilant financial guard protecting users in the digital marketplace.

Furthermore, user’s deposits are protected by the Nigeria Deposit Insurance Corporation (NDIC), offering the same level of insurance coverage as traditional banks. This double layer of protection shields users hard-earned money against unforeseen circumstances.

Beyond regulatory safeguards, OPay has actively developed innovative features to empower users with direct control over their financial security.

OPay operates as a licensed Mobile Money Operator (MMO) by the Central Bank of Nigeria (CBN), adhering to the highest regulatory standards.

OPay is actively committed to raising user awareness through regular SMS and in-app notifications. These reminders emphasize the importance of never disclosing your One-Time Password (OTP), as no OPay staff will ever request it. By empowering users with knowledge, OPay fosters a vigilant community against fraudulent activities.