Opay is a financial technology (fintech) company that provides a range of digital financial services in Nigeria. Founded in 2018, Opay has quickly become a major player in the Nigerian fintech space, with a user base that spans across the country. In this blog post, we will explore Opay’s services, which bank is Opay under, whether Opay is approved by the Central Bank of Nigeria (CBN), the full name of Opay, and what the Opay account limit is.
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Opay Services
Opay provides a range of digital financial services that include:
Mobile payments: Opay users can send and receive money, pay bills, and buy airtime and data through the Opay mobile app.
Agent banking: Opay has a network of agents across Nigeria who provide banking services such as account opening, cash deposits, withdrawals, and transfers.
Ride-hailing: Opay provides ride-hailing services through its Oride platform. The platform allows users to request a ride, track the driver’s location, and pay for the ride using the Opay app.
Food delivery: Opay also provides food delivery services through its OFood platform. Users can order food from their favorite restaurants and pay for it using the Opay app.
Bill Payment: Opay allows Nigerians to pay bills for a range of services, including electricity, cable TV, and internet services. The service is fast, secure, and convenient, allowing customers to pay their bills from anywhere at any time.
Lending: Opay’s lending platform, Oloan, provides small loans to Nigerians who need financial assistance. The platform is accessible through the Opay app and allows customers to borrow up to ₦100,000 ($250) with a repayment period of up to 60 days. The interest rate is reasonable, and the application process is straightforward.
Investment: Opay offers investment opportunities through its Owealth platform, which allows Nigerians to invest in a range of financial instruments, including mutual funds and treasury bills. The platform is easy to use, with low fees and a range of investment options available.
E-commerce: Opay also offers e-commerce services, allowing Nigerians to buy and sell goods and services through its platform. The service is secure, reliable, and convenient, providing a safe and easy way for Nigerians to engage in e-commerce transactions.
Instant and free ATM Debit card: Apply for the card instantly at chosen OPay agents or submit an application through the OPay App. Benefit from 10 free ATM withdrawals each month, as well as no maintenance fees.
Which bank is Opay under?
Opay is not a bank but a fintech company that provides financial services. However, Opay is Powered by BlueRidge Microfinance Bank to provide banking services to its customers.
See also: What Profitable Business Can I Start With 500k In Nigeria?
Is Opay approved by CBN?
Yes, Opay is approved by the Central Bank of Nigeria (CBN) and is regulated by the Nigerian Communications Commission (NCC). Opay is licensed as a Payment Service Provider (PSP) by the CBN, which allows it to provide digital financial services in Nigeria.
What is the full name of Opay?
Opay is the trading name of Opera Pay Nigeria Limited, a subsidiary of Opera Limited, a Norwegian software company that specializes in web browsers and digital advertising.
What is the Opay Account limit?
Opay users can transact up to ₦300,000 per day on the Opay app, subject to a cumulative balance of ₦1,000,000 in their Opay wallet. However, users can increase their account limit by verifying their identity through the app.
Opay Services
Opay provides a range of digital financial services that include:
Mobile payments: Opay users can send and receive money, pay bills, and buy airtime and data through the Opay mobile app.
Agent banking: Opay has a network of agents across Nigeria who provide banking services such as account opening, cash deposits, withdrawals, and transfers.
Ride-hailing: Opay provides ride-hailing services through its Oride platform. The platform allows users to request a ride, track the driver’s location, and pay for the ride using the Opay app.
Food delivery: Opay also provides food delivery services through its OFood platform. Users can order food from their favorite restaurants and pay for it using the Opay app.
Bill Payment: Opay allows Nigerians to pay bills for a range of services, including electricity, cable TV, and internet services. The service is fast, secure, and convenient, allowing customers to pay their bills from anywhere at any time.
See also: List Of OPay USSD Codes
Lending: Opay’s lending platform, Okash, provides small loans to Nigerians who need financial assistance. The platform is accessible through the Opay app and allows customers to borrow up to ₦100,000 with a repayment period of up to 60 days. The interest rate is reasonable, and the application process is straightforward.
Investment: Opay offers investment opportunities through its Owealth platform, which allows Nigerians to invest in a range of financial instruments, including mutual funds and treasury bills. The platform is easy to use, with low fees and a range of investment options available.
E-commerce: Opay also offers e-commerce services, allowing Nigerians to buy and sell goods and services through its platform. The service is secure, reliable, and convenient, providing a safe and easy way for Nigerians to engage in e-commerce transactions.
Instant and free ATM Debit card: Apply for the card instantly at chosen OPay agents or submit an application through the OPay App. Benefit from 10 free ATM withdrawals each month, as well as no maintenance fees.
Which bank is Opay under?
Opay is not a bank but a fintech company that provides financial services. However, Opay is Powered by BlueRidge Microfinance Bank to provide banking services to its customers.
Is Opay approved by CBN?
Yes, Opay is approved by the Central Bank of Nigeria (CBN) and is regulated by the Nigerian Communications Commission (NCC). Opay is licensed as a Payment Service Provider (PSP) by the CBN, which allows it to provide digital financial services in Nigeria.
See also: Opay Loan – How to borrow money from Opay
What is the full name of Opay?
Opay is the trading name of Opera Pay Nigeria Limited, a subsidiary of Opera Limited, a Norwegian software company that specializes in web browsers and digital advertising.
What is the Opay Account limit?
Opay users can transact up to ₦300,000 per day on the Opay app, subject to a cumulative balance of ₦1,000,000 in their Opay wallet. However, users can increase their account limit by verifying their identity through the app.
In conclusion, Opay is a fintech company that provides a range of digital financial services in Nigeria. It is approved by the CBN and is licensed to provide payment services in Nigeria. Opay’s services include mobile payments, agent banking, ride-hailing, and food delivery. Opay is not a bank, but it has partnerships with some Nigerian banks to provide banking services to its customers. The full name of Opay is Opera Pay Nigeria Limited, and the Opay account limit is ₦300,000 per day, subject to a cumulative balance of ₦1,000,000 in the Opay wallet.
