A fintech institution, OPay, has unveiled a large transaction shield feature, designed to provide users with unparalleled control and protection over their funds.
The CEO, OPay, Dauda Gortring disclosed this in a statement, saying that the new feature underscored the firm’s commitment to secure digital transactions and safeguard users from unauthorized activity.
“We are committed to delivering cutting-edge financial solutions that prioritize user safety and convenience,” he said.
He highlighted the key component of the new feature, stressing that it requires robust facial recognition authentication, and allows users to set personalized limits for single, daily and monthly transfers.
“The Large Transaction Shield is a testament to our dedication to providing a secure and reliable platform for our customers.
“By requiring facial verification for large transactions, we are further strengthening our defenses against potential fraud and ensuring that every payment is authorized by the rightful account holder,” he added.
He noted that the improved security feature would allow users to set a transaction limit and protect them against unauthorized activity.
“When a transaction surpasses the preset threshold, users are prompted to confirm their identity through facial verification adding an extra layer of security.
“This additional layer of facial verification protects users against unauthorized activity, providing them with greater confidence in their financial transactions,” he said.
He added that the new features also offer a comprehensive suite of benefits, including enhanced security, customization, and convenience.
“OPay’s Large Transaction Shield is a significant step forward in securing digital payments and underscores the company’s leadership in the financial sector and commitment to innovation as well as user protection.
“OPay users can rest assured that their funds are protected from unauthorized transactions. Additionally, the feature is designed for users to have the ability to set personalized transaction limits and tailor protection to their specific needs, providing greater control over their finances,” he said.
