The Nigerian fintech firm, Opay, introduces the Large Transaction Shield so that users have more flexibility and protection. The director added that the new feature that has been incorporated in the company’s application employs facial recognition to ensure that the user’s account is secure and only some of the transactions will be allowed by the application.
Opay says
“Large Transaction Shield feature, designed to provide users unparalleled control and protection over their funds. The Large Transaction Shield offers a comprehensive suite of benefits, including enhanced security, customisation, and convenience.
The company also revealed that Large Transaction Shield is designed to enable users to set limits on single, daily or monthly transfers and any large or suspicious transfer above the set limits will need additional verification. Opay also said that facial recognition is required once the transaction value goes over the set limit.
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From the Subject, Opay’s chief executive officer, Dauda Gortring, performing a random interview, spoke of the readiness of the company to offer innovations in choice of the financial products to deliver tailored services and take care of its users’ security and comfort. He said that the Large Transaction Shield is proof of its commitment of making their customers feel safe while doing business with them.
He stated that what Opay is doing by requesting facial recognition each time a large transaction is made is to enhance its protection of the account against fraud and make every payment pass through the owner of the account.