Opay has launched a new security feature called “Large Transaction Shield” that requires facial recognition of the account holder in high-value transactions.

The feature enhances user safety by combining transaction approval with biometric verification, to tame fraud that is often associated with digital financial transactions.

With Large Transaction Shield, Opay users can set a limit on single transaction transfers with a minimum of ₦100,000 and a maximum of ₦300,000. Once the limit is reached, the app automatically requests biometric authentication, primarily facial verification, before the transaction can be processed.

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This extra layer of security ensures that only the account holder can approve large transactions, reducing the risk of unauthorised transfers.

Initiation of OTP if face verification fails

In the event that the face recognition is unsuccessful, the app initiates a one-time password (OTP) request for further authentication.

The layers of verification in this security feature will make it difficult for fraudsters to carry out large transfers even if they gain access to an account.

It’s important to note that the Large Transaction Shield feature only applies to transfers done using the OPay app; debit card transactions and transfers conducted on other platforms are not covered.

“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 defences against potential fraud and ensuring that every payment is authorised by the rightful account holder,” OPay CEO Dauda Gotring said.

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How the Large Transaction Shield works

The Large Transaction Shield is easy to activate. To access the “Transfer Protection” area on the home screen, users must first log in to the OPay app. They will then have the choice between NightGuard and Large Transaction Shield.

When users select the “Activate” button under the Large Transaction Shield option, a screen with their desired transaction limits is displayed.

Opay users can set their preferred transaction limits —daily, monthly, and single transaction limits.

The feature is activated after the agree to the terms and conditions of the app.