Opay allows you to make swift and easy payments for everyday needs like airtime, bills and more with shopping, savings and investments.

Bank activities are one of the most tasking things to do in addition to one’s daily activities. Going to the bank can be very stressful.

Opay is a digital bank designed to lessen bank stress in addition to providing safe and secure money transactions to its customers. All that is required of you is a phone and an active phone number to own an account.

Opay

Minimum

Free

Rating

(4.7 / 5)

TRY IT

You can utilize its offline banking where a smartphone is not required and just make use of its USSD code, *955#.

The provider also allows its customers to save on any of its savings products and earn up to 15% interest per annum, making it one of the best apps for naira-target savings.

You can withdraw your money anytime you wish to.

It also allows you to pay bills, add money to your wallet as well as send funds to other wallets or bank accounts for free.

PROS

Opay is one of the easiest ways to make financial transactions without going through stress from the comfort of your home.
It creates job opportunities where you can decide to become an Opay merchant, get a free POS from them, and provide financial services to your community all for a very low fee.
Opay offers a physical debit card to its customers that can be used to make payments as well as subscriptions conveniently.
You can earn rewards just by making transactions on the Opay app.

CONS

You are limited to a certain amount of transactions until you upgrade your KYC details.
The virtual card is only acceptable where Verve cards are accepted.

How To Get Opay App

You can get the Opay app by downloading it from your Playstore or Appstore depending on your device’s operating system.

You will be required to input your phone number and a password to secure your account. You will also be expected to upload an ID card and number as a means of identification. Follow the instructions to complete the registration.

How the App Works

After successfully creating an account. You will be directed to the App’s dashboard where there is the Home, Rewards, Finance, Card, and Me page.

HOME PAGE

On this page, you can view your transaction history as well as see your account balances. You can Add, Transfer and Withdraw money from this page by clicking on any of the features to complete your transactions.

The Homepage also shows lists of bills that can be paid using the Opay App. You can pay for Airtime, Data, Betting, TV subscriptions, Internet, Electricity, and a lot more. On the Home page, you can apply for an Opay Physical card for free to make easy all your transactions online and offline.

REWARDS PAGE

This page shows every transaction on Opay and how much cashback you get from performing any of them. You can refer your friends and earn ₦600 per referral. For time-limited tasks, you earn N200 cashback once you add money to your Opay account using the top-up or bank transfer method.

Up to 3% cash back once you buy airtime or data. ₦50 cashback for purchases of airtime or data more than N200. N600 once you apply for an Opay debit card and activate it upon delivery.

For the monthly cash backs, You get a ₦100 reward for a deposit of ₦10,000 and above into your Opay account. N50 reward for a withdrawal of ₦5000 and above from your Opay account with agents and a ₦200 reward once you pay bills of N1,000 and above with your Opay Card.

FINANCE

The Finance page shows all of the Savings Products available on Opay. They include:

TARGET SAVINGS

This allows you to save daily, weekly, or monthly and earn interest per annum. Select a target goal which could be saving towards accommodation, education, business, travel, events, and lots more, then hit the target.

SAFEBOX

This is a strict daily, weekly, or monthly saving plan where you can save and enjoy up to four free withdrawal days yearly. You can earn 15% per an um on this plan and it allows you to stay focused and financially disciplined.

SPEND AND SAFE

This is another saving plan that allows Opay users to save a percentage of their spending. For every time you spend or transfer from your account, this feature allows you to save a percentage of that money. You can earn 15% per annum on this saving plan.

OWEALTH

This is a Savings platform lodged in the Opay platform. You can withdraw your funds anytime, pay bills, and earn up to 15% annual interest once you invest with OWealth.

FIXED SAVINGS

This allows users to create a unique savings plan by setting a long saving duration where you can lock up your funds and earn higher interest per year. You can start to save with as low as ₦1000 and new users enjoy added bonuses in terms of interests.

CARD

This is the page you can apply for your physical or virtual debit cards and enjoy several benefits that come along with it. A free application and withdrawal, no maintenance fees, ₦600 cashback for your first physical debit card activation, and lots more.

The virtual card allows customers to make payments across a thousand online merchants for goods and services where a verve card is acceptable.

ME (PROFILE SETTING)

This is your profile page. This page shows you your Transaction history, Total assets, and earnings on the app, Your transaction limits, and your linked Bank/Account. You can also reach out to Customer Service, Report a scam and Rate the app from this page.

Features of Opay

Opay is an online banking platform that promotes seamless financial transactions and services for users. With this platform, you can say your goodbyes to long queues, paperwork, and every delay that come with physical banking.

It is a mobile one-stop fintech platform that allows you to send and receive funds, pay bills, and order groceries and food.

This digital bank makes financial services available to the underbanked community who have no access to these services and makes it easier for them to achieve their financial goals and objectives.

You can also become its merchant and make as much money offering financial services to your community.

It consists of different Savings products such as Target savings, SafeBox, Spend and Save, OWealth, and Fixed Savings.

OPay FAQs

IS OPAY A SAFE ONLINE BANKING PLATFORM?

Yes. It is.

It uses the same high-grade security used in banks to encrypt and secure your account, funds, and details.

WHAT ARE THE DOCUMENTS I NEED TO OPEN AN OPAY ACCOUNT?

You will be required to upload a passport photograph, a utility bill not later than 3 months as proof of residence, a government-issued ID card – national ID card, an international passport, or a driver’s license.

WHAT IS THE LIMIT TRANSACTION FOR A MERCHANT DAILY?

You can send and receive up to 5 million naira daily as a merchant.

HOW DO I ADD FUNDS INTO MY OPAY ACCOUNT?

Go to your home page on your dashboard. Click on the “Add Money” button, and the available payment methods will be shown to you. You can decide to deposit funds into your account with a bank transfer(via mobile or internet banking), top up with a card (where you add money directly from your bank card or account), or Cash deposits (fund your account with closeby merchants), or scan and show your QR code to any Opay user to effect a deposit.

HOW CAN I TRANSFER FUNDS?

You can transfer funds from your account by transferring to a bank or other Opay accounts for free, scanning the QR code of any Opay user to transfer, or requesting money from friends and family.

WHAT TYPE OF CARD IS MY OPAY CARD?

The card is a VERVE card and it is acceptable where verve card payments are accepted.

HOW SAFE IS OPAY?

It is licensed by the CBN and Insured by the NDIC.

HOW CAN I APPLY FOR MY OPAY DEBIT CARD?

Go to the Card page on your dashboard, below the page a button to apply for a card is shown. Click on it and follow the instructions to apply for your debit card.

WHAT HAPPENS WHEN I REFER SOMEONE TO THE APP?

Once you refer someone and they register with your link, you earn N600 immediately if they deposit money in their account.

HOW CAN I ADD AN ACCOUNT TO MY OPAY?

Go to the “Me” page on your dashboard and click on the bank/card account. It will take you to a page where you can add a card and see the already linked cards.

CAN I MAKE EARLY WITHDRAWAL FROM MY SAFEBOX?

No. SafeBox is a strict savings plan where you can enjoy up to 4 withdrawal days per annum.

HOW DOES OWEALTH PAY INTEREST ON SAVINGS?

OWealth pays your interest every morning into your account.

HOW CAN I CONTACT OPAY?

You can reach out to the Customer Service team from your app or call them on +23418888328 or chat them up on the live chat option.

Opay makes financial services as seamless and convenient as much as possible for its users.

In addition to getting rewards for almost every transaction made on the app, it also offers its customers the opportunity to become merchants and provide financial services to their community while earning income.