Mobile money operator, Opay Nigeria has said that the recent directive by the Nigeria Inter-Bank Settlement System (NIBSS) directing banks to remove non-deposit-taking financial institutions from their transfer lists does not affect it.
Recall that NIBBS had in its circular said such institutions are not allowed to hold money but only process it.
It added that listing non-deposit-taking financial institutions contravenes the CBN guidelines on electronic payment of salaries, pensions, suppliers, and taxes in Nigeria dated February 2014.
But in a press statement earlier today, Opay stated that it does not fall into the category of financial institutions affected.
The statement said “We wish to state that OPay is not affected by the recent circular published by NIBSS.
“The focus is on Payment Service Solution Providers, Switches and Super Agents.
“OPay is a Mobile Money Operator (MMO) licensed by the CBN and insured by the NDIC.
“Your funds are safe and secure with OPay”, the statement assured.