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Nigeria: OPay Unveils ‘Large Transaction Shield’ to Strengthen Financial Fraud Prevention

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OPay Unveils ‘Large Transaction Shield’ to Strengthen Financial Fraud Prevention
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Leading fintech company OPay has introduced its latest security feature, the Large Transaction Shield, aimed at providing users with enhanced control and protection over their finances. This innovative feature utilizes facial recognition technology to prevent unauthorized transactions, offering users a higher level of security.

In a statement released on Sunday, OPay detailed how the Large Transaction Shield is designed to give users unprecedented control over their financial transactions. The feature offers a range of benefits, including customizable security settings, transaction limits, and convenience tailored to individual user needs.

“The Large Transaction Shield is a comprehensive security solution that allows OPay users to protect their funds from unauthorized transfers. With the ability to set personalized transaction limits, users can customize their financial security according to their preferences,” the company stated.

OPay highlighted that users can establish specific limits for single, daily, and monthly transfers, ensuring that any large or unusual transactions exceeding these thresholds will trigger additional verification steps. If a transaction surpasses the user-defined limit, facial verification is required to confirm the identity of the account holder.

Dauda Gortring, CEO of OPay, emphasized the company’s commitment to delivering secure and convenient financial solutions. “The Large Transaction Shield reinforces our dedication to safeguarding our customers’ funds. By implementing facial verification for larger transactions, we are enhancing our fraud prevention measures and ensuring that every payment is authorized by the rightful account owner,” Gortring said.

With the launch of this new feature, OPay continues to solidify its position as a leader in the fintech industry, demonstrating its commitment to innovation and user protection.

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