Tag: OPAY

Fintech mobile money operating company, OPay, has announced a N1.2 billion 10-year scholarship award for students of the Federal University of Technology (FUT) at Minna in Niger State.

The scholarship initiative, which aims to alleviate the financial burden on brilliant but indigent students, would enable the recipients to fully focus on their academic pursuits.

By offering support where it is most needed, OPay said it continues to invest in the future of Nigeria and its youths, fostering growth and opportunity for young scholars across the country.

At the signing of a Memorandum of Understanding (MoU) in Minna, a student of the institution expressed appreciation to OPay.

He said: “I am grateful to OPay for this initiative because it has helped me to stay focused. When I first gained admission into a higher institution, I couldn’t afford my tuition and had to drop out to work and raise funds. Even now, I face the same challenge.

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“This scholarship is a lifeline, and I truly appreciate OPay for this incredible gesture.”

OPay’s Managing Director Dauda Gotring promised the company’s dedication to fostering educational advancement.

“At OPay, we recognise the importance of education in nation-building. We are proud to support these students on their journey towards achieving greatness. This is part of our broader commitment to empowering Nigeria’s youths,” he said.

The partnership with FUT Minna marks the latest milestone in OPay’s nationwide education initiative, which has extended support to students across the nation’s universities.

OPay promised to remain committed to equipping young Nigerians to helo them succeed academically and professionally.

Through this long-term initiative, OPay has reaffirmed its role as a financial service provider and as a partner in shaping a brighter and more inclusive future for Nigeria.

You are just seconds away from sending money – the offer sounds perfect, the seller seems trustworthy and the clock is ticking.

But just before you hit send, one of Nigeria’s leading financial institutions, OPay flashes a critical warning: “Caution – this account has been linked to suspicious activity.”

In that moment, the rush fades, your instincts kick in, and you realise you were on the brink of falling for a scam. One smart alert, one timely pause — and your hard-earned money stays exactly where it should: safe.

This is the power behind OPay’s multi-layered scam alert system — an Artificial Intelligence (AI)-driven, real-time defense network designed to detect and stop fraudulent transactions before they happen.

At the heart of it is a machine learning engine trained on thousands of scam patterns, user reports, flagged accounts, and unusual transaction behaviors. But OPay’s approach goes far beyond a single alert.

How OPay’s scam alert ecosystem works

•      Abnormal Transaction Pop-Up Reminders

When suspicious behavior is detected, OPay immediately interrupts the flow with a clear, targeted pop-up message. Every day, over 60,000 users receive these urgent fraud warnings — and thanks to that, 30,000 risky transactions are stopped in their tracks.

•      Intelligent Outbound Call Reminders

For higher-risk transactions, OPay activates a multi-channel response, sending warnings via SMS, email, app notifications, and even escalating to customer service calls. This proactive layer reaches more than 10,000 users daily, discouraging over 8,000 fraudulent transactions.

•      Interactive Q&A Verification

In cases where more context is needed, users are engaged with real-time Question & Answer (Q&A) prompts to understand the purpose of their transaction. If red flags are confirmed, the system presents a tailored warning or ends the transaction flow altogether. This feature alone helps deter over 46,000 scam attempts daily from the 50,000+ users who interact with it.

Together, these layers form a real-time scam detection and prevention engine that evolves with every user interaction. OPay’s system doesn’t just warn — it learns and adapts, constantly improving its accuracy and response time.

Read Also: OPay extends N1.2b 10-year scholarship to Kwara State Polytechnic

Many users don’t even know they’re in danger until OPay steps in. As one X user, @JAHS, shared: “OPay alerted me that I might be sending money to a scammer when I wanted to patronize an IG vendor. Stopped the transaction ASAP.”

These interventions are happening silently, daily – often before the user even suspects something is wrong.

OPay’s scam alert system is part of a broader philosophy: security is not just about technology – it’s about trust. From scam alerts to Face ID transaction verification, USSD instant account locking, the Large Transaction Shield, and automated callback alerts, every tool is designed to protect users in the moments they can’t predict.

As scams get more sophisticated, the future of financial safety depends on real-time prevention. And OPay isn’t waiting for fraud to happen — it’s stopping it in its tracks. Sometimes, the smartest financial decision you make… is the one OPay helped you avoid.

As part of its unwavering commitment to youth development and academic excellence, one of Nigeria’s leading financial institutions, OPay, has extended its N1.2 billion 10-Year Scholarship initiative to Kwara State Polytechnic.

With this development, 20 outstanding students from the institution will be awarded scholarships worth N300, 000 each, becoming one of the latest beneficiaries of OPay’s admirable long-term scholarship program.

This also makes Kwara State Polytechnic the first polytechnic to benefit from OPay’s 10-Year Scholarship Programme.

 The N1.2 billion 10-year scholarship plan is aimed at reducing the financial burdens faced by students, enabling them to concentrate fully on their academic and personal growth.

By investing in the potential of young Nigerians, OPay hopes to bridge the financial gap faced by students and open new doors of opportunity for future leaders across polytechnics and universities.

Speaking on the expansion of the initiative, MD/CEO at OPay, Dauda Gotring, highlighted the company’s long-term vision: “Our scholarship support is to ensure that the dreams of talented scholars do not die.

“Through this 10-year scholarship program, we’re not just easing the financial stress of today’s students—we’re empowering a generation that will drive innovation and progress”

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Kwara State Polytechnic’s Rector, Engr. Dr. Abdul Jimoh Mohammed, said; “We thank OPay for bringing the scholarship to Kwara State Polytechnic as this will have a huge impact on the students being awarded, giving them the motivation to excel in their academics and beyond.”

The inclusion of KwaraPoly in the N1.2 billion 10-year scholarship plan reaffirms OPay’s focus on inclusive, nationwide impact.

With a goal to support 400 students annually across the country, the programme reflects OPay’s aim of ensuring that no dream is cut short by financial limitations.

Following earlier successes in other institutions, the initiative’s expansion to KwaraPoly is a testament to OPay’s enduring promise to foster talents of Nigerian youth.

As the scholarship programme grows, more students from diverse educational backgrounds will benefit, equipping them with the tools they need to excel academically and contribute meaningfully to society.

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 Central Bank of Nigeria (CBN) and insured by the Nigerian Deposit Insurance Corporation (NDIC) with the same insurance coverage as commercial banks.

For 27-years old Ayuba Bello, becoming a student at the prestigious Ahmadu Bello University (ABU), Zaria, Kaduna State, was more than an academic progress. It was the fulfillment of a cherished childhood dream.

Like many gifted young Nigerians, Ayuba’s dream was on the verge of being truncated by a challenge beyond his control – the lack of financial resources to fund his education.

One of 10 children born into a farming family, Ayuba, sometime last year, almost had to drop out of school due to financial challenges and the only visible solution at the time was for his father to sell the family’s land, which they cultivated for their livelihood.

But Nigeria’s leading technology-driven financial services provider OPay’s timely intervention through a commendable scholarship programme at ABU saved Ayuba’s family and restored the family’s primary source of livelihood.

“I didn’t want any of my siblings to say that it was because of my education that the family land was sold. I am happy that OPay came to the rescue just in time. Selling the family land would have made me feel guilty for years,” an exited Ayuba said.

Today, in what is clearly a case of Financial Technology (fintech) meeting philanthropy to create opportunities that change lives, not only has the family land been saved; Ayuba’s education is also continuing – without him losing a stride.

The impact of OPay’s scholarship has gone beyond Ayuba’s education. His family’s livelihood has been preserved, allowing them to continue farming and sustaining their household.

“With the harvest from our land last year, we were able to sell enough produce to cover other family needs,” Ayuba’s father shared, pointing out that “OPay’s scholarship didn’t just help Ayuba; it helped our entire family.”

Read Also: OPay collaborates with AfriGOpay to enhance digital payments in Nigeria

According to a 2021 report by Statista, an alarming 41 per cent of students in upper secondary educational levels are out of school, and the the major contributing factor to this is the lack of funds. With soaring inflation in the country, the current cost of education is almost twice the cost five years ago.

However, OPay’s scholarship program has become a lifeline for families like Ayuba’s, ensuring that financial hardships do not stand in the way of education. The program not only covers tuition fees but also provides additional resources for students to thrive academically and personally.

“Ayuba’s story is a powerful example of how access to education can transform lives,” Executive Director of the OPay Board/Chief Commercial Officer, Elizabeth Wang, said.

Wang said: “OPay has been driving transformative initiatives, with education leading the way. Our goal is to ensure that no talented student has to sacrifice their dreams or their family’s livelihood because of financial constraints.”

Despite being a political science student and as he continues his studies, Ayuba is already thinking of ways to give back to his community. “I want to use my knowledge to improve farming techniques in my community,” he said, adding, “This scholarship isn’t just an opportunity for me; it’s a chance to uplift others.”

Established in 2018, OPay is 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.

Licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC) with the same insurance coverage as commercial banks, OPay is renowned for its super-fast experience and reliable network.