OPay Under Scrutiny for Weak KYC Processes Amid Rising Fraud Concerns

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Nigerian fintech giant OPay is facing criticism for weak know-your-customer (KYC) protocols that allow potential bad actors to open accounts without proper identity verification. Despite growing concerns about fraud, OPay’s lenient registration standards persist, making its platform vulnerable, according to recent checks. Launched in 2018, OPay quickly became one of Nigeria’s largest mobile money platforms, […]

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