OPay Registration: How to Open an Account with Opay, How To Use Opay App for Payments; Sending and Receiving Money

In today's fast-paced digital world, there is an increasing need for digital payment platforms that offer seamless transactions, convenience, and security. Opay is one such platform that is gaining popularity in various African countries, including Nigeria, Kenya, and Ghana. Opay offers users the ability to make payments, send and receive money, and even invest in their platform.

This blog post will guide you on how to open an account with Opay and how to use the Opay app for payments, sending and receiving money.

What is Opay?

Opay is a popular online wallet for making payments and transactions on mobile phones.

Opay was originally established in 2010. It was previously known as PayCom, and it was operated by PayCom Nigeria Limited. Telnet Nigeria Limited incubated PayCom Nigeria Limited, a mobile money service.

PayCom was acquired by another company, "Opera Group," in 2018. Opera Group, as you may know, owns Opera Browser, Opera News, and Opera Ads. Opay was launched following the acquisition of PayCom.

Opay was launched in Ikeja, Lagos, Nigeria, in June 2018. Olay Co. Inc. is the company's registered name. Opay is an abbreviation for Opera Pay. Opera Group is the parent company. OBus, OFood, Okash, ORide, OWealth, OList, and other Opera services

You can use Opay to pay bills, recharge airtime, send and receive money, earn cashbacks, and more.

Benefits of Using Opay

Opay offers several benefits to its users, including:

●        Convenience: With Opay, users can make payments, send and receive money, and even invest in their platform from the comfort of their homes.

●        Security: Opay uses the latest security technology to ensure that users' transactions are secure and their personal information is protected.

●        Speed: Transactions on Opay are processed in real-time, ensuring that users can access their money instantly.

●        Low fees: Opay charges low fees for transactions, making it an affordable option for users.

OPay Registration: How to Download Opay App and Open an Account With Opay

Follow the steps below to open an Opay account, register, or sign up:

●        Go to your phone's app store first Google Play Store or Apple Store.

●        On the search bar, type”Opay” and click on search.

●        Download and install Opay now.

●        Provide the necessary information to register or sign up.

How to Verify Your Opay Account

To use Opay, you need to verify your account. Here are the steps:

●        Launch the Opay app and log in to your account.

●        Click on "My Account" and select "Verification."

●        Enter your personal details, including your name, date of birth, and address.

●        Upload a valid ID, such as a national ID, driver's license, or passport.

●        Upload a clear picture of your face.

●        Click on "Submit" to complete the verification process.

How to Use Opay for Payments

Opay offers users the ability to make payments for various services, including electricity bills, air fare, and mobile phone recharge. Here are the steps to make a payment on Opay:

●        Launch the Opay app and log in to your account.

●        Click on "Pay" and select the service you want to pay for.

●        Enter the required details, such as the account number and amount.

●        Click on "Pay" to complete the transaction.

●        You will receive a confirmation message once the payment is successful.

How to Send Money With Opay

Follow these steps to send money using the Opay app:

●        Simply launch the Opay app on your mobile device.

●        On the home screen, select the "Transfer" icon.

●        Choose the recipient's phone number from your contact list or manually enter it.

●        Enter the amount to be sent as well as any additional information.

●        To authorise the transfer, confirm the transaction and enter your PIN or fingerprint.

How to Receive Money with Opay

Follow these steps to receive money using the Opay app:

●        Launch the Opay app from your device.

●        On the home screen, tap the "Receive" icon.

●        Enter the amount to be received as well as any other necessary information, such as the sender's name or phone number.

●        Give the sender your Opay wallet number or QR code.

●        Wait for the sender to finish the transaction before the money is credited to your Opay wallet.

How to Invest with Opay

Opay also offers users the ability to invest in their platform and earn interest. Here are the steps:

●        Launch the Opay app and log in to your account.

●        Click on "Invest" and select the investment plan.

●        Enter the amount you want to invest.

●        Confirm the details and click on "Invest".

●        You will earn interest on your investment over the specified period.

How to Withdraw Money using Opay via USSD code

You can also withdraw your money using your USSD code on Opay by dialling *955#. You select 3 and enter the mobile number of the agent to whom you are sending money, as well as the amount you wish to send. Following that, your Opay pin and transaction will be completed.

FAQs

Does Opay use ATM card?

Yes, they have a card that you can use to perform transactions physically.

Is Opay a prepaid bank?

No, Opay is not a prepaid bank. It is a fintech company that provides digital financial services such as mobile payments and money transfers.

Is Opay a wallet?

Yes, Opay is a digital wallet that allows users to store and access funds through their mobile phones. It also provides other financial services such as bill payments and money transfers.

How much is Opay ATM?

Opay issues a Virtual and Physical Verve ATM, and the cost for Opay's ATM card is between N1000 to N2000.

Does Opay do cardless withdrawal?

Yes, Opay provides a cardless withdrawal service that allows users to withdraw cash from ATMs without a physical ATM card. Users can generate a code through the Opay app and use it to withdraw cash from designated ATMs.

Does Opay require OTP?

Yes, Opay requires OTP (One-Time Password) verification for certain transactions such as transfers and withdrawals, to ensure security and prevent fraud.

Which bank owns Opay?

Opay is not owned by any bank. It is a fintech company that provides digital financial services such as mobile payments and money transfers.

What is Opay full name?

Opay stands for Official Payments Corporation, which is a company based in Delaware.

Is Opay approved by CBN?

Yes, Opay is approved by the Central Bank of Nigeria (CBN) and operates under the regulatory framework of the CBN.

Which country owns Opay?

Opay was started in 2018 and is a Chinese-backed fintech company that works in Africa. It

Can Opay send money internationally?

No, but Opay announced a partnership with WorldRemit, a leading global digital payments platform, to provide international money transfers directly into Opay mobile wallets in Nigeria.

How many countries is Opay in?

Opay currently has a presence in Pakistan, Egypt, and Nigeria, Kenya and is looking to expand further into North Africa and the Arab region, including the UAE.

What is Opay transfer limit?

The transfer limit on Opay depends on the verification level of the user's account. The maximum daily transfer limit for an unverified account is N20,000, while a fully verified account can transfer up to N5 million per day.

Can Opay transfer to another bank?

Yes, Opay allows users to transfer money to any bank account in Nigeria.

Is Opay a Nigerian bank?

No, Opay is not a Nigerian bank. It is a fintech company that provides digital financial services such as mobile payments and money transfers.

Can I transfer money from Opay to another bank?

Yes, Opay allows users to transfer money from their Opay account to any bank account in Nigeria.

Can USSD transfer to Opay?

Yes, it is possible to transfer money from a bank account to an Opay account using USSD codes provided by the bank.

Can GTB transfer to Opay?

Yes, it is possible to transfer money from a Guaranty Trust Bank (GTB) account to an Opay account using the GTB mobile app or USSD codes.

Can you withdraw from Opay?

Yes, you can withdraw cash from your Opay account at any Opay agent location or any ATM that supports Opay withdrawals.

Can I invest in Opay?

Opay is a privately owned company and is not currently publicly traded, so it is not possible for individuals to invest in the company.

How do I benefit from Opay?

Opay offers a variety of benefits such as fast and secure mobile payments, money transfers, bill payments, and discounts on airtime and data purchases. Additionally, Opay offers a cashback program that rewards users for using the app for transactions.

Is Opay good for saving money?

Opay offers a savings feature called "Opay Save" which allows users to earn interest on their savings. However, users should carefully consider their investment options before choosing a savings platform.

 How reliable is Opay account?

Opay is a licensed financial institution regulated by the Central Bank of Nigeria. It employs various security measures to protect user data and transactions, and has a good track record of reliability.

 Is Opay account safe?

Yes, Opay takes security seriously and employs various measures to protect user data and transactions. However, users should also take necessary precautions such as not sharing their account information or PIN with anyone.

Which is better between Opay and Kuda?

Opay and Kuda are both digital banks that offer similar services, such as mobile payments and transfers. Which one is better depends on the user's specific needs and preferences. Opay has a wider range of services, while Kuda is known for its zero fees policy and attractive interest rates.

Does Opay have a banking license?

No, OPay does not have a banking license. It is a financial technology (fintech) company that provides digital financial services.

Can my Opay account be hacked?

Like with any online financial account, there is always a risk of hacking. However, OPay has taken measures to secure their platform and ensure the safety of their users' accounts. It is recommended to use strong passwords and enable two-factor authentication for added security.

Can Opay account be frozen?

Yes, an OPay account can be frozen if there is suspicion of fraudulent activities or if the user violates OPay's terms and conditions.

Is OPay regulated?

Yes, OPay is regulated by the Central Bank of Nigeria (CBN) and operates within the framework of the regulatory guidelines set by the CBN.

Conclusion

Opay is a digital payment platform that offers users the convenience of transacting online with just a few clicks. In this article, we have guided you on how to open an account with Opay and how to use the Opay app for payments, sending, and receiving money.

Opay offers several benefits to its users, including convenience, security, speed, and low fees. We hope that this article has been helpful in guiding you on how to use Opay for your digital transactions.