OPay, the leading financial technology company, has launched a new feature called Nightguard, designed to enhance the security of customers’ funds.
The company emphasized the rise in illicit financial activities and its commitment to combating these threats to ensure the safety of customers’ money.
Nightguard’ is designed to enhance the security of customer funds, particularly during nighttime hours when fraudulent activities might be more common. Here’s how it typically works:
- OPay drives innovative features to protect users
- Micro transfer boost e-payment
- GrowthHouse Unveils Revolutionary GrowthX Tool
- Advanced Monitoring: Nightguard continuously monitors transactions and account activities for any unusual or suspicious behavior.
- Real-Time Alerts: If any suspicious activity is detected, Nightguard sends real-time alerts to both the customer and OPay’s security team.
- Fraud Detection Algorithms: It uses sophisticated algorithms to identify patterns that may indicate fraud, such as multiple failed login attempts or transactions from unusual locations.
- Immediate Action: Upon detecting potential fraud, Nightguard can temporarily freeze the account to prevent unauthorized transactions until the issue is resolved.
- Customer Support: Dedicated support is available to assist customers in case of any security concerns or incidents.
This comprehensive approach ensures that customers’ funds are safeguarded at all times, providing them with peace of mind and strengthening their trust in OPay’s services.
In the first quarter of 2024, financial institutions in Nigeria reported 11,472 cases of fraud.
OPay stated that the launch of its innovative Nightguard feature is a first-of-its-kind functionality in the financial sector, designed to empower users by greatly enhancing the security of their finances.
“OPay Nightguard helps users protect their accounts during times when they are most vulnerable—such as when they are asleep or during certain lifestyle activities like late-night outings or evening social events,” the company explained.
“The Nightguard feature allows users to set a specific time frame between 11:00 p.m. and 7:00 a.m., during which any transfer attempts will require enhanced identity verification.”
According to OPay, transfers made during this time period must undergo facial recognition, ensuring that users can prevent unauthorized access to their accounts and funds at night, providing exceptional security and peace of mind.
The Chief Executive Officer of OPay Nigeria, Mr. Dauda Gotring, said, “The Nightguard feature represents a significant advancement in Nigeria’s mobile payment industry, offering users a robust tool to secure their financial transactions.
As the leader in Nigeria’s fintech sector, OPay is dedicated to empowering customers with full control, ensuring they can effectively protect their finances.”
“The effectiveness of the Nightguard feature underscores OPay’s commitment to customer security and satisfaction. These unique features of the OPay App provide compelling reasons for users to download and use the platform.
For those concerned about phone hacks and the safety of their funds, Nightguard offers a powerful advantage—the ability to activate the feature and rest easy, knowing their finances are protected.”
