Joy Agwunobi
OPay, one of Nigeria’s leading fintech firms, has unveiled its innovative Large Transaction Shield, a feature aimed at enhancing user control and security over their financial transactions. This development comes in response to the increasing significance of secure digital payments in today’s fast-paced financial landscape.
According to OPay, the Large Transaction Shield is designed to help users protect themselves from unauthorised transactions by implementing advanced facial recognition authentication.
The company emphasised that as digital payments continue to grow in importance, there is a need to prioritise the security of these transactions. The Large Transaction Shield is part of OPay’s commitment to innovation and user protection, offering customers a range of benefits, including the ability to set personalised transaction limits and enhance their financial safety.
According to the firm, users can configure individual, daily, and monthly transfer limits, ensuring that any transaction exceeding these set limits will prompt additional verification steps, including facial recognition to confirm the user’s identity. This added layer of security is designed to provide confidence and peace of mind to users by protecting them from unauthorised access.
Dauda Gortring, the chief executive officer of OPay, stated that the introduction of the Large Transaction Shield reflects the company’s ongoing efforts to provide a secure and reliable platform for its customers.
According to Gortring, requiring facial verification for large transactions further reinforces the company’s defence mechanisms against fraud and ensures that all payments are authorised by the rightful account holders.
