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Why can't I change my OPay account number? What is happening? Does it mean that after creating a new account on OPay, if anything happens to your account, you will not be able to make modifications such as changing the number or name? Why is OPay like this?
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Please calm down and read this article carefully to understand the main reason why you can't change your OPay account number on the app.
I know before you started searching "Why can't I change my OPay account number?" you have tried several times to change your OPay phone number.
Maybe you lost the SIM card or your phone and were not able to retrieve it, so the option is to change your OPay phone number. You discovered that your profile on OPay is not even editable. I'm sorry you are facing this challenge because it really hurts, especially when you have money in that account.
There is something I want you to understand about OPay. It will help you know the reason why you couldn't change your phone number.
How does OPay function?
OPay is an online bank and functions as a mobile payment platform (fintech company) that allows users to perform various financial transactions through their mobile devices.
You don't need to suffer before you do any transaction like with other banks. Users, just like you and me, can make payments, transfer money, pay bills, buy airtime, and withdraw with your OPay card. If you don't have an OPay card, you can reach out to us now.
The app also has a wonderful feature where you can link your bank card to your OPay account to enable easy and smooth transactions.
OPay provides services like savings, loans, and investment opportunities. It offers a comprehensive financial ecosystem that is easily accessible and user-friendly for users.
The above explanation shows that, opay does the same thing the normal traditional banks do.
If you login to your opay account, you will see where they wrote this;
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LICENSED BY CBN AND INSURED BY NDIC.
Do you know what it means?
Allow me to simplify it. Whenever and wherever OPay is "licensed by CBN and insured by NDIC," what it means is this;
1. Licensed by CBN: This means that the Central Bank of Nigeria (CBN) has formally authorized and approved OPay as a financial institution. For example, this license ensures that OPay follows the regulatory standards set down by the CBN that oversee banking and financial services in Nigeria, just like your regular banks licensed by CBN. Do you get it now? Let’s proceed.
2. Insured by NDIC: In other words, OPay’s deposits are covered under Nigeria Deposit Insurance Corporation (NDIC). This insurance will protect depositors in case the bank collapses or incurs any other bad problems related to money; thus even if it ends up closing we would still be able to have our money with us.
It also secures customers’ funds which increase trust in them regarding their finances. So when someone says they are scared because they think that one day OPay might go bankrupt and they will not find all their savings left anymore, tell them that;OPay is enrolled at NDIC.
Another question I want to ask you is this: Can you change any of your information in your normal traditional bank account with the bank app?
The answer is a capital No.
Why is it like that?
Because banks are regulated by CBN, and one of CBN's functions is to make sure that banks take security measures seriously to avoid impersonation, fraudulent modifications, and transactions in somebody's account, including fintech companies like OPay.
Do you understand now? Good!
I strongly believe by now you have started understanding the reason why you were unable to change your phone number or name on the OPay app by yourself.
Why can't I change my OPay account number?
The reason you can't change your OPay account number or name is that OPay has stopped its users from changing their phone numbers or names after successful registration.
Why did they do it that way?
It's because of CBN directives and, more importantly, to avoid unauthorized access to people's accounts by fraudulent friends or people around you.
If you could change your OPay account number and name easily, don't you know that someone else could equally do that in your account fraudulently?
So don't be angry; let me show you how to change an OPay phone number.
How to change opay phone number and edit your name.
To change anything in your opay account after successful registration, Read this comprehensive article "How to change Opay account or phone number for Opay Users"
In this post, I discussed and provided a detailed, simple process to follow and change your OPay account number.
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