By Aduragbemi Omiyale
Digital banking firms in the country have been given the green light to resume the opening of accounts for new customers after a ban was placed on this by the Central Bank of Nigeria (CBN) in late April.
Recall that last month, after the Monetary Policy Committee (MPC), the CBN Governor, Mr Yemi Cardoso, hinted that the restriction would be lifted from the neo-banks.
“We are thrilled to announce that the Central Bank of Nigeria has given OPay the thumbs up to resume onboarding new users.
“This milestone highlights our dedication to following the rules, keeping your information safe and secure, and preventing any shady activities,” a part of the message posted by OPay on its verified X (formerly Twitter) page on Monday read.
“Furthermore, it is imperative to reiterate that OPay strictly adheres to the approved KYC (Know Your Customer) verification processes and urges our esteemed customers to ensure that the due verification process is followed for all accounts and all requirements are completely fulfilled.
We thank all our amazing customers for your understanding, support, patience and vote of confidence during this time as we navigated carefully thought-through and essential requirements set by the CBN.
Our mission remains the same: to make financial services more inclusive through technology, make transactions a breeze, and provide a hassle-free payment experience for all Nigerians. We are not stopping there! Keep an eye out for new and exciting features on the OPay App,” the statement added.
On its part, Kuda wrote, “As you probably already know, we’ve been working with the CBN to meet recent regulatory requirements by putting more account controls in place.
“Based on the work we’ve done, we’ll resume signing up new customers this week!
“Please, note that you’ll need your BVN, NIN and your proof of address (followed by address verification) to open a Tier 3 account.