OPay faces scrutiny over weak KYC system: impersonation, account tiers raise red flags
- OPay has lax registration processes that make its platform vulnerable to fraud.
- The company allows new users to sign up without proper verification.
- Weaknesses in OPay's account management processes raise concerns about security practices at the company.
The lax registration processes of OPay pose a significant risk to the security and integrity of its platform. With the rising concerns over financial fraud in Nigeria, it is crucial for OPay to strengthen its verification processes and ensure that only legitimate users are allowed to sign up. Failure to do so could result in financial losses and damage to the company's reputation.
