Is Owealth Legit? How Safe And Secured Is Owealth, A Saving And Investment Platform On Opay

Is Owealth legit? how safe and secure is Owealth, a saving and investment platform on Opay? These are common questions that have been received.

To ensure one's financial safety and security, it is essential to save and invest money. It can be difficult to invest money on a trustworthy platform, however. In recent years, various investing platforms have sprung up in Nigeria, providing investors with a plethora of new opportunities. Owealth is one such site.

With OWealth, a savings and investment platform integrated within the OPay App, you may put away a portion of, or all of, your OPay balance and earn interest on it every day. The fixed yearly interest rate of 15% is above the 6% that is now offered by the best Nigerian bank.

What is Owealth?

Owealth is an Opay mobile app feature that allows users to invest in a variety of investment products such as fixed deposits, mutual funds, and other investment products. 

Users can invest small or large sums of money in Owealth and earn returns on their investments.

Opay is a Nigerian mobile payments and financial services platform that was launched in 2018.

The platform provides a variety of services, including as mobile money transfers, bill payments, airtime purchases, and other financial services, such as Owealth. Owealth was created to help users gain access to investment possibilities and develop their wealth.

How does Owealth work?

Owealth works by allowing customers to invest their money in different financial instruments through the platform. The platform partners with various asset management companies to offer investment options to customers.

Customers can choose their preferred investment option based on their risk appetite, investment horizon, and financial goals. Owealth also offers a savings option that allows customers to save money periodically and earn interest on their savings.

Is Owealth legit and safe?

Yes, Owealth is a legitimate and secure investment platform. Opay, the parent company of the Owealth feature, is a legitimate financial services provider regulated by the Central Bank of Nigeria (CBN).

 As a result, it can be regarded as a reputable investment platform.

Owealth also collaborates with recognized asset management firms to provide customers with investment possibilities. To protect clients' personal and financial information, the platform employs bank-grade security features such as two-factor authentication, encryption, and firewalls.

It is important to keep in mind that all investments involve risk, and there is no assurance that you will earn a profit. Your investments' value may fluctuate, and you may even lose money.

What are the features of Owealth?

Owealth offers several features to customers, such as:

●        Investment options: Owealth offers various investment options, such as fixed income, mutual funds, and stocks, to customers.

●        Savings option: Owealth allows customers to save money periodically and earn interest on their savings.

●        Flexible investment: Customers can choose their preferred investment option based on their risk appetite, investment horizon, and financial goals.

●        Easy to use: Owealth has a user-friendly interface that makes it easy for customers to invest and manage their money.

●        Bank-grade security: Owealth uses bank-grade security measures to protect customers' personal and financial information.

What are the investment options available on Owealth?

Owealth offers various investment options to customers, such as:

●        Fixed income

●        Mutual funds

●        Stocks, etc

How to get started with Owealth?

To get started:

●        Get the Opay app and install it: The first thing you need to do is get the Opay app. The OPay app incorporates OWealth as a feature. If you don't already have it, getting it is simple; you can just download and install it from the Google Playstore or the Apple Store, depending on which operating system you use (Android or iOS).

●        Register for the OPay service: Secondly, you will need to sign up for an account and then log in by providing all of the required information.

●        Add Funds to Your OPay Account: After that, you will be able to move on to adding funds to your OPay account.

●        Sign up for OWealth: After you have successfully funded your OPay account, navigate to the OPay dashboard and click on either the 'OWealth' or 'Savings' button. At this moment, you will be presented with certain terms and conditions. To move further, please read and accept.

●        Put money into your OWealth account: As the last step in the process, you need to put money into your OWealth account. Please confirm your selection before entering the amount of money you wish to invest. You will be notified; when it appears, click "done." And with that, we can now call you an investor. Your OWealth balance will be updated daily to reflect the interest that has been accrued.

Is Owealth Legit? How Safe And Secured Is Owealth, A Saving And Investment Platform On Opay

Owealth is brought to customers by Opay, and as was previously said, Opay is committed to protecting its customers' money and private data.

Encryption, secure servers, and two-factor authentication are just some of the cutting-edge safeguards the platform employs to keep customers' information and financial transactions safe.

In addition, the investment companies and banks that distribute Owealth's products are supervised by government agencies including Nigeria's Securities and Exchange Commission (SEC). 

This adds another safeguard and guarantees the investment goods are legal and up to par with industry norms.

Ultimately, if you take reasonable precautions like using a strong password and enabling two-factor authentication and do your homework before making any investment decisions, Owealth can be considered a secure savings and investment platform.

What are the customer reviews of Owealth?

Owealth has received positive reviews from customers who have used the platform to save and invest their money. Customers have praised the platform for its user-friendly interface, reliable investment options, and competitive returns. Some customers have also commended Owealth for its excellent customer support and prompt service delivery.

FAQs

How reliable is OPay?

OPay is very good, and this is evident in the brand's recent growth because the monies transferred are evidently delivered with ease and without delays. It is quite dependable.

Is OPay a safe place to save money?

Opay is one of the top money-saving apps available in Nigeria. The interest rate is really attractive. If you have been putting money away in a regular bank account, you can switch to Opay!

Which company owns OPay?

Opera Norway AS Group, a company owned by Kunlun Tech Co., Ltd., which is listed on the Shenzhen Stock Exchange, launched OPay in 2018. 

What is the investment rate on OPay?

You can get up to 15% annual interest when you invest with OWealth and withdraw your funds at any time.

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 app is better than OPay?

The choice of a payment or investment app depends on individual preferences and needs. However, some apps that are similar to OPay and offer comparable services include PiggyVest, Cowrywise, and Carbon. Customers can compare the features, fees, and performance of these apps to choose the one that best suits their needs. 

Conclusion

Owealth is a legit and safe platform to invest your money in Nigeria. The platform offers various investment options and allows customers to save money periodically and earn interest on their savings.

Owealth is licensed and partners with reputable asset management companies to offer investment services to customers. The platform uses bank-grade security measures to protect customers' personal and financial information.