Opay, PalmPay, others resume registration of new customers, six weeks after CBN’s restriction

The Central Bank of Nigeria has lifted the six-week ban on onboarding new customers for Paga, moniepoint, Kuda, OPay, and PalmPay services.

It should be noted that on April 29, the Apex Bank barred the aforementioned MFBs/FinTechs from creating new accounts or registering new customers, citing claims that they were being used to funnel cryptocurrency and manipulate the naira’s value.

According to updates from the Fintech banks, their statements reads;

OPAY RESUMES NEW USER ONBOARDING!

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.

Furthermore, it is imperative to reiterate that OPay strictly adheres to the approved KYC 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 Central Bank of Nigeria.

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. And, we’re not stopping there! Keep an eye out for new and exciting features on the OPay App.

Thanks for trusting us and choosing OPay.Download OPay now and discover why millions of Nigerians choose us everyday. OPay.

PalmPay Resumes Onboarding of New Customers

We are pleased to announce that the onboarding of new customers has resumed on PalmPay for individual and business users following the review by the CBN.

We are thrilled to continue our mission to provide more Nigerians with access to secure and reliable financial services.

All new users are required to validate either NIN or BVN when registering. Kindly ensure your information on these platforms is up-to-date before you start your registration process. You can reach out to our 24/7 customersupport – [email protected] or 02018886888.

Thank you for your patience and continued support. PalmPay.

Kuda

We have good news:

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.

Get the Kuda app on the Play Store or the App Store. 💜
Kuda Bank