Mayor21:
So that means I can't recieve transfer from my Opay anymore especially from banks like UBA, Zenith, GTB e.t.c
But I can send out money from my Opay to any bank?....hmmmm

kingphilip:
Ladened with too many jargons for me to understand.

In clearer terms, can someone break it down for us?

Mayor21:
So that means I can't recieve transfer from my Opay anymore especially from banks like UBA, Zenith, GTB e.t.c
But I can send out money from my Opay to any bank?....hmmmm

femu:


Opay is under Blue ridge Microfinance Bank which is affiliated with Zenith bank

seunlayi:
These banks want to kill FinTechs ! FinTechs have made banking easier and people. Fintech that Tinubu promised to boost.

Opay is with Blue ridge Microfinance Bank under Zenith bank.

Can't imagine the number of businesses including POS operators that will go down.

Siberia01:

So it actually means I can't fund my sporty or what

Mayor21:
So that means I can't recieve transfer from my Opay anymore especially from banks like UBA, Zenith, GTB e.t.c
But I can send out money from my Opay to any bank?....hmmmm

Mayor21:
So that means I can't recieve transfer from my Opay anymore especially from banks like UBA, Zenith, GTB e.t.c
But I can send out money from my Opay to any bank?....hmmmm

kingphilip:
Ladened with too many jargons for me to understand.

In clearer terms, can someone break it down for us?

Mayor21:
So that means I can't recieve transfer from my Opay anymore especially from banks like UBA, Zenith, GTB e.t.c
But I can send out money from my Opay to any bank?....hmmmm

Siberia01:

So it actually means I can't fund my sporty or what

sampete:
Is my money still safe with piggyvest so? Hope this policy no affect them too?

inoki247:
Eh eh I no understand so dem Opay and Kuda is gone or what ...


Because I don't understand anything up dere....

iswallker:


It sad opay kuda palmpay etc are licensed deposit taking entities while GTB access zenith Polaris sterling zenith fidelity uba ecobank are deposit money banks therefore they are not affected ...

Again those not affected
1. Deposit money banks
2. Licensed deposit taking entities

Mayor21:
So that means I can't recieve transfer from my Opay anymore especially from banks like UBA, Zenith, GTB e.t.c
But I can send out money from my Opay to any bank?....hmmmm

FreeStuffsNG:
About 32 financial institutions with either super agent, switching company or payment solution service provider (PSSP) licenses will be delisted with immediate effect from the NIBSS NIP (NIBSS Instant Payments) list.

The order to delist is with immediate effect and you will not see some of them any more when you want to do outflow from your own bank account.

Why? this brilliant policy by the Asiwaju Tinubu-led administration of brilliant, competent and patriotic Nigerians serves the fundamental purpose of safeguarding customer funds by entrusting them to entities duly licensed and certified to handle such transactions.

This policy has the potential to stop the hacking and stealing of huge multibillion naira funds from accounts of innocent bank customers of the DMBs like Access bank, Fidelity bank etc then moving them into those fintechs that don't use NUBAN first before dissipating.

You can now only move funds out from those fintechs, you can no longer receive outflows from banks until you collaborate with those with the license to accept deposits.
Great job by NIBSS. May God bless Nigeria for ever! Check my signature for free stuffs!

Mayor21:
So that means I can't recieve transfer from my Opay anymore especially from banks like UBA, Zenith, GTB e.t.c
But I can send out money from my Opay to any bank?....hmmmm

inoki247:
Eh eh I no understand so dem Opay and Kuda is gone or what ...


Because I don't understand anything up dere....

Mayor21:
So that means I can't recieve transfer from my Opay anymore especially from banks like UBA, Zenith, GTB e.t.c
But I can send out money from my Opay to any bank?....hmmmm