Tag: OPAY

Pay Digital Services Limited, operators of OPay Nigeria, has so far disbursed N126 million in scholarships to 420 students across 20 tertiary institutions in Nigeria under its Corporate Social Responsibility (CSR) initiative aimed at empowering the next generation through education.

OPay’s Executive Director and Chief Commercial Officer, Elizabeth Wang, stated this at the weekend during the commemoration of the first anniversary of the company’s 10-year N1.2 billion CSR Scholarship Scheme, themed “OPay Corporate Social Responsibility: Empowering Futures 2025.”

According to Wang, the company has fulfilled its first-year target, providing each beneficiary with N300,000 in educational support after signing memorandums of understanding (MoUs) with the participating institutions.

“In the past one year, we’ve disbursed N126 million, supported 420 students, and partnered with 20 universities. We are proud to have delivered on our first-year commitment, and we will continue to sustain and expand this initiative over the next nine years and beyond,” Wang said.

She emphasized that OPay’s investment in education was driven by a belief in nurturing Nigeria’s future leaders.

“We believe in the future — and who is the future? The students are the future, education is the future. That’s why OPay is committed to making meaningful contributions to the future of Nigeria,” she added.

Under the 10-year plan, the company aims to invest at least ₦120 million annually in supporting no fewer than 400 students across select tertiary institutions nationwide.

Beneficiary institutions include Ahmadu Bello University, University of Ibadan, Obafemi Awolowo University, University of Ilorin, Federal University of Technology, Minna, Benue State University, University of Calabar, Olabisi Onabanjo University, Bayero University Kano and Kwara State Polytechnic.

Others are: University of Abuja, University of Uyo, Ambrose Alli University, Nasarawa State University, University of Maiduguri, Federal University of Health Sciences, Bauchi, University of Jos, University of Nigeria, Nsukka, Lagos State University, and Federal Polytechnic, Nekede.

Vice Chancellors of some of the beneficiary institutions commended OPay for its commitment to education.

The Vice Chancellor of Obafemi Awolowo University (OAU), Prof. Simeon Bamire, lauded the initiative, describing it as a morale booster for both students and educators.

“The students are always happy when they see people supporting their cause. It gives them hope and helps them focus better on their studies. We appreciate OPay for this and urge other corporate organizations to emulate this gesture,” Bamire said.

Vice Chancellor of the University of Ilorin (UNILORIN), Prof. Egbewole Wahab, called on OPay to extend its CSR efforts to infrastructure development, particularly in the area of laboratory equipment.

“You have provided scholarships that help students stay focused on their studies, but we also need enabling environments. It will be greatly appreciated if such support can extend to equipping our laboratories,” he appealed.

The OPay CSR Scholarship Initiative, launched in 2024, is part of the company’s long-term strategy to promote inclusive education, empower young Nigerians, and contribute to national development through human capital investment.

OPay, Nigeria’s leading financial technology company, has hosted the Grand Finale of its My OPay Security Vote Challenge at its headquarters in Lagos with Nigerian entertainers, creators, and users in attendance.

Attendees included Funke Akindele, Layi Wasabi, Broda Shaggi, and Brain Jotter, who performed the viral track he created for the campaign live on stage.

Over the course of the nationwide campaign, which ran across TikTok, Instagram, Facebook, and X (Twitter), which a reach of over 200 million across Instagram, TikTok, X and facebook with thousands of creative entries were submitted — from comedy skits, to short educational videos, to animationed scripts, to music— each offering a unique perspective on what digital security means to everyday users.

The campaign was built around seven of OPay’s core security features, including Large Transaction Shield, Scam Alert, Large Transaction Double Check, Emergency Lock, USSD Lock, Night Guard and Online Subscription Control.

The grand finale culminated in the crowning of four winners from Instagram, TikTok, X (formerly Twitter) and Facebook. These winners were flown into Lagos, alongside other standout and creative participants.

One of the participants, Zarifa Golden-Kalio talked about submitting her entry surrounding her Zobo business.

“I’m a student, but I also run a small zobo business where I sell to my colleagues. I do my best to create content around what I do, and honestly, there’s no better app than OPay — it’s made receiving payments so easy. I decided to spotlight the Scam Alert feature because it helps me keep my money safe and protected”

Funke Akindele, one of the leading voices behind the campaign, commended the brand for innovation.

She stated: “It is not easy to work hard for your money, and at the end of the day, they will just scam you and clear your account. So, I want to thank OPay for being innovative, for thinking fast and inventing the security features.”

Elizabeth Wang, Chief Commercial Officer at OPay, said: “OPay’s core value is always customer first, and for our customers, security is the Top 1 priority.

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“So, we built 7 security features, and today announce the 8th, which is location guard and will continue to develop more for our customers so as to protect them in all scenarios where they need protection.”

The cutting-edge Location Guard feature uses smart location tracking to flag and prevent potentially fraudulent activity.

If a transaction attempt is made from an unusual location, Location Guard immediately prompts Face ID verification, adding an intelligent extra layer of protection.

“Location Guard is a leap forward in digital protection,” Elizabeth added. “It’s intelligent, proactive, and designed around real-life user behavior. Wherever our users go, their OPay account follows them — securely.”

OPay was established in 2018 as a leading financial institution in Nigeria with the mission to make financial services more inclusive through technology.

The company offers a wide range of payment services, including money transfer, bill payment, airtime & data purchase, card service, and merchant payments, among others.

Renowned for its super-fast experience and reliable network, OPay is licensed by the CBN and insured by the NDIC with the same insurance coverage as commercial banks.

OPay, Nigeria’s leading financial technology company, has reaffirmed its industry leadership and innovation by emerging as the only fintech to clinch three major awards at the 2025 BusinessDay Banks and Other Financial Institutions (BAFI) Awards. With this historic achievement, OPay stands tall as Nigeria’s most awarded fintech brand this year.

At the ceremony, BusinessDay recognised OPay’s record-breaking performance, describing the company as “the powerhouse of daily fintech activity.”

Its security suite now includes advanced features like Large Transaction Shield, NightGuard, and multiple fail-safes for high-value transactions — reinforcing trust in every tap.”

For “seamlessly blending scale, safety, and features that empower both merchants and individuals,” BusinessDay concluded, “OPay is the obvious pick for Mobile Payment Solutions Provider of the Year, Business Solutions Provider of the Year, and Fintech Security Innovation of the Year” BusinessDay added.

The company clinched Mobile Payment Solutions Provider of the Year, Business Solutions Provider of the Year, and Fintech Security Innovation of the Year — a powerful endorsement of its innovation, scale, and commitment to advanced and secure financial services.

For Mobile Payment Solutions Provider of the Year, OPay’s cutting-edge technology guarantees one of the most reliable networks in the country.

Today, tens of millions of users transact with OPay every month, with tens of thousands joining organically through referrals from friends and family daily.

A majority of online merchants also recommend OPay as a preferred payment method, allowing users to conveniently pay via the “Pay with OPay” for their digital payment needs.

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As Business Solutions Provider of the Year, OPay continues to expand its expertise to the business segment — offering reliable payment infrastructure and tailored digital solutions that help merchants optimise operations, improve efficiency, and drive growth.

As the Fintech Security Innovation of the Year, OPay has developed seven advanced security products — with additional features in development — designed to protect customers across different transaction scenarios. This innovative approach to user safety has positioned OPay as one of the most secure and trusted financial institutions in Nigeria.

Since its inception in 2018, OPay has pursued one clear mission — to make financial services more inclusive through technology.

Today, the company empowers tens of millions of monthly active users and more than one million businesses across Nigeria, redefining how individuals and enterprises transact and grow in a digital economy.

This recognition at the 2025 BAFI Awards is a reflection of our stand as a brand that goes beyond banking — combining innovation, security, and inclusion to power the financial lives of tens of millions. This is an encouragement for us to do more” IK Odiase, Head of Partnerships, OPay stated about the win.

OPay was established in 2018 as a leading financial institution in Nigeria with the mission to make financial services more inclusive through technology.

The company offers a wide range of payment services, including money transfer, bill payment, airtime & data purchase, card service, and merchant payments, among others. Renowned for its super-fast experience and reliable network, OPay is licensed by the CBN and insured by the NDIC with the same insurance coverage as commercial banks.

‘Turn off recurring payments with your card’

Mobile money platform, OPay, has told its customers that they need not worry when they glance at their account and find an unexpected subscription charge — one they forgot, thought they canceled, or never noticed in the first place.

“Whether it’s a streaming service, a forgotten free trial, or an app quietly draining your balance, you’re not the only one,” it said in an advertorial.

OPay said it has got its customers covered “with a smarter way to stop unwanted debits before they happen”.

It added: “With the rise of online services, Nigerians now have access to more global and local platforms than ever before. But that also means more recurring charges — some expected; others not so much. Whether you used your OPay virtual card or your physical card to sign up, managing these charges meant deactivating your card entirely or contacting the service provider for a cancellation.

“Now, OPay’s Card Control feature flips the script. Directly from your OPay app, you can now view, pause, or turn off recurring payments tied to any subscription — without needing to deactivate your card or jump through customer service hoops.

“The feature is designed to give users full autonomy over their spending. When you open the app and navigate to the ‘Cards’ section, click on ‘Manage Online Merchant’ and you will see an intelligent dashboard showing active subscriptions linked to your card. From there, you can pause a specific merchant — let’s say cable subscriptions, streaming services, cloud storage services, or loan apps — and prevent them from making any further deductions.”

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OPay said when its customers desire to have service back, they should “just unpause it”.

It added: “You’re in control the entire time. This is particularly useful for people who test out new platforms or those who forget about trials turning into monthly deductions.

Quoting a user, Oluwatimileyin on X, OPay shared the customer’s story.

“One feature I love about their virtual cards is the ability to block specific merchants after a transaction until I’m ready to renew my subscription. No surprise renewal.”

OPay said it is not just offering a tool; it’s offering peace of mind. It understands the reality of how Nigerians spend today — across multiple devices, platforms, and regions — and has responded with a solution built to protect that lifestyle.

Where automation makes spending easier, OPay is making sure that control stays with the user. Because it’s not just about making payments. It’s about owning every Naira, every charge, and every choice tied to your money.

“So, if you’re tired of waking up to surprise charges from forgotten subscriptions, it might be time to take back control — right from your OPay app,” it said.

OPay has officially rolled out its improved security question feature, adding another layer of protection to keep user accounts safe from unauthorised access and fraudulent activity.

As part of its ongoing commitment to user security, the updated feature enhances the verification process for sensitive actions, such as resetting user’s payment password, changing the phone number, or confirming high-risk transactions.

Previously taken offline to improve user experience, the security questions have now returned with a smarter and more dynamic system.

In an advertorial, the electronic financial institution said: “Depending on the nature and risk level of a transaction, the app may prompt users to answer pre-set questions using either multiple-choice or fill-in-the-blank formats. This makes it easier for genuine users to pass verification while keeping bad actors out. It’s intuitive, less stressful, and built to adapt to real-time risk assessments.

“Already, over 1 million users have set up their personalised questions—and the results speak for themselves.

“The reintroduced system works in tandem with other intelligent security layers on the OPay app. From abnormal transaction pop-up reminders and multi-channel alerts to interactive Q&A for suspicious payments, OPay actively prevents tens of thousands of risky transactions daily.

“In fact, more than 60,000 users receive targeted risk notifications every day, while our AI-powered call-back system helps discourage up to 8,000 fraudulent transactions.

“And of course, all of this complements OPay’s advanced facial recognition technology—already in use by over 700,000 users daily—to provide airtight security across payments, identity verification, and KYC processes.

“Security is never just one thing. It’s a full suite of features working together to keep you safe—and with the return of security questions, users now have even more control over who can access and operate their accounts. If you haven’t already, open your OPay app and set your security questions today. It only takes a minute, and it could make all the difference.

“Because at OPay, safety isn’t an afterthought — it’s built into every transaction.”

 OPay has officially rolled out its improved security question feature, adding another layer of protection to keep user accounts safe from unauthorised access and fraudulent activity.

Read Also: OPay Scam Alerts warns Nigerians to be wary of suspicious activities

As part of its ongoing commitment to user security, the updated feature enhances the verification process for sensitive actions, such as resetting user’s payment password, changing the phone number, or confirming high-risk transactions.

Previously taken offline to improve user experience, the security questions have now returned with a smarter and more dynamic system.

In an advertorial, the electronic financial institution said: “Depending on the nature and risk level of a transaction, the app may prompt users to answer pre-set questions using either multiple-choice or fill-in-the-blank formats. This makes it easier for genuine users to pass verification while keeping bad actors out. It’s intuitive, less stressful, and built to adapt to real-time risk assessments.

“Already, over 1 million users have set up their personalised questions—and the results speak for themselves.

“The reintroduced system works in tandem with other intelligent security layers on the OPay app. From abnormal transaction pop-up reminders and multi-channel alerts to interactive Q&A for suspicious payments, OPay actively prevents tens of thousands of risky transactions daily.

“In fact, more than 60,000 users receive targeted risk notifications every day, while our AI-powered call-back system helps discourage up to 8,000 fraudulent transactions.

“And of course, all of this complements OPay’s advanced facial recognition technology—already in use by over 700,000 users daily—to provide airtight security across payments, identity verification, and KYC processes.

“Security is never just one thing. It’s a full suite of features working together to keep you safe—and with the return of security questions, users now have even more control over who can access and operate their accounts. If you haven’t already, open your OPay app and set your security questions today. It only takes a minute, and it could make all the difference.

“Because at OPay, safety isn’t an afterthought — it’s built into every transaction.”