Opay Review

Opay Review: The Ultimate Payment Solution

In recent years, Opay has become a household name in Nigeria’s fintech industry. Opay has grown rapidly in popularity, with millions of Nigerians using the platform for their daily transactions. But is Opay really worth the hype? In this article, we’ll provide an honest review of Opay and its services.

What is Opay?

Opay Review

Opay is a reliable and convenient mobile payment platform that was launched in 2018. It offers a wide range of financial services. The platform’s user-friendly interface, low transaction fees, and dedicated customer support team make it a popular choice among Nigerians.


User Interface

One of the first things you’ll notice about Opay is its user-friendly interface. The app is well-designed and easy to navigate, making it simple for users to access its various services. The interface is also available in multiple languages, including English, Pidgin, and Yoruba, which makes it accessible to a wider range of users.

Services Offered

Opay offers a wide range of financial services, including bill payments, airtime and data purchases, and money transfers. The platform also has a ride-hailing service called Oride, which is a direct competitor to Uber and Bolt.

Opay’s services are available in several cities across Nigeria, making it a convenient option for those looking for a one-stop shop for their financial needs.

How Do I Open an OPay Account?

Opening an OPay account in Nigeria is a simple process that can be completed in a few easy steps. Here’s a step-by-step guide on how to open an OPay account:

  • Download the OPay app from the Google Play Store or the App Store.
  • Once the app is downloaded, open it and click on “Sign Up.”
  • Enter your mobile phone number and click on “Next.”
  • Create a 4-digit PIN that will be used to secure your account. Confirm the PIN by entering it again.
  • Provide your personal information, including your name, date of birth, and email address.
  • Verify your identity by taking a photo of your government-issued ID card, such as your driver’s license or national ID card.
  • Once your ID is verified, you can start using your OPay account to access its various services.

Note: You may need to provide additional information or documents to complete the account registration process, depending on the services you want to access.

Do You Need BVN To Open an Opay Account?


Yes, you need a Bank Verification Number (BVN) to open an OPay account in Nigeria. This is a requirement set by the Central Bank of Nigeria (CBN) for all financial transactions in the country. The BVN is a unique identification number that is linked to your bank account and is used to verify your identity when you use financial services, including OPay.

When you sign up for an OPay account, you will be required to provide your BVN as part of the registration process. This information is used to confirm your identity and ensure the security of your financial transactions on the platform.

How Much Does Opay Charge Per Transaction

One of the major advantages of using Opay is its low transaction fees. The platform charges minimal fees for its services, which is a significant benefit for users who want to save money on their transactions.

For example, Opay’s money transfer service charges a flat fee of N10 for transfers below N5,000, which is significantly lower than what other platforms charge. This transaction fee will only be charged when you are sending it to another bank, not when you are transferring it within Opay.

Opay Customer Care & Support

Opay has a dedicated customer support team that is available 24/7 to assist users with any issues they may encounter while using the platform. The team can be reached via phone, email, or social media, which makes it easy for users to get in touch with them. Opay also has an extensive FAQ section on its website that provides answers to common questions users may have.

How Secured Is Opay?

Security is a top priority for Opay, and the platform has implemented various measures to ensure the safety of its users’ financial information. The app is secured with a PIN and fingerprint authentication, which prevents unauthorized access.

Opay also uses encryption to protect users’ data and has a fraud detection system in place to detect and prevent fraudulent activities.

How To Download Opay App

You can download the OPay app on your Android or iOS device by following these steps:

For Android devices:

  1. Open the Google Play Store on your Android device.
  2. In the search bar, type “OPay” and tap the search button.
  3. Select the “OPay – Mobile Wallet” app from the search results.
  4. Tap the “Install” button.
  5. Wait for the app to download and install on your device.
  6. Once the installation is complete, open the app and follow the on-screen instructions to sign up or log in to your account.

For iOS devices:

  1. Open the App Store on your iOS device.
  2. In the search bar, type “OPay” and tap the search button.
  3. Select the “OPay – Mobile Wallet” app from the search results.
  4. Tap the “Get” button next to the app.
  5. If prompted, enter your Apple ID and password or use Touch ID/Face ID to download the app.
  6. Wait for the app to download and install on your device.
  7. Once the installation is complete, open the app and follow the on-screen instructions to sign up or log in to your account.

Note that the steps may vary slightly depending on the version of your device’s operating system or app store.

Is OPay approved by CBN?

OPay is licensed and regulated by the CBN as a Payment Service Provider (PSP) in Nigeria. The CBN has the mandate to regulate and supervise the activities of all payment service providers in Nigeria, including OPay.

As a licensed PSP, OPay is required to comply with all regulatory requirements, including anti-money laundering and customer protection regulations, to ensure the safety and security of its customers’ funds and personal information.

While there are still some areas where Opay can improve, such as expanding its services to more cities and improving its ride-hailing service, it is definitely worth considering for anyone looking for a convenient and affordable way to manage their finances.


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