Opay Review: Is It Legit and Who Owns It?

Opay Review: Is It Legit and Who Owns It?

Opay is a digital banking platform that offers a range of financial services, such as transfers, loans, bill payments, airtime purchases, and more. Opay is also known for its integrated services, such as Opay ride, Opay food, and Opay mall, that allow users to access various products and services within the app. But is Opay legit and who owns it? In this article, we will answer these questions and provide an honest review of Opay based on user experiences and official information.

Is Opay Legit?

Opay is a legitimate and authorized financial services provider operating in Nigeria. The Central Bank of Nigeria (CBN) has approved and regulated Opay, which adds credibility to its operations. Being regulated by CBN means that Opay adheres to the financial regulations and standards set by the Nigerian government.

Opay also uses multiple security measures to protect its users’ data and transactions, such as encryption, biometric verification, PIN codes, and OTPs. Opay claims to have over 10 million users in Nigeria and has partnered with over 300,000 agents across the country to provide convenient and accessible banking services.

Who Owns Opay?

Opay is owned by Opera Software AS, a Norwegian company that is best known for its web browser, Opera. Opera Software AS is a subsidiary of Opera Limited, a Chinese-owned company that is listed on the NASDAQ stock exchange. Opera Limited also owns other products and services, such as Olist, Oride, Olla, and OBus.

Opera Software AS launched Opay in Nigeria in 2018 as part of its expansion into the African market. Since then, Opay has grown rapidly and has received several rounds of funding from investors, such as Sequoia China, IDG Capital, Source Code Capital, GSR Ventures, and Meituan-Dianping.

Read also: Forgot your Opay Password? (How to Reset your Opay Password Easily)

What Are the Benefits of Using Opay?

Opay offers many benefits to its users, such as:

– Zero account maintenance fees: Opay does not charge any account maintenance fees, making it an affordable option for banking.

– Instant account opening: With Opay, you can open an account instantly and start banking right away.

– No minimum deposit: Opay does not require any minimum deposit, so you can start banking with any amount of money.

– Free ATM withdrawals: Opay offers free ATM withdrawals at any ATM in Nigeria.

– Free transfers: You can transfer money for free to other Opay accounts or other Nigerian bank accounts for up to three times per day.

– Instant loans: Opay offers instant loans of up to N200,000 without collateral or paperwork and with flexible loan repayment.

– 24/7 customer support: Opay provides round-the-clock customer support to help you with any banking needs.

Opay Frequently Asked Questions

If you are new to Opay or have some questions about how it works, this article will provide you with some answers to the most frequently asked questions (FAQ) about Opay.

What is Opay and how does it work?

Opay is an app that allows you to make payments, transfers, and access other financial services using your mobile phone. You can download the Opay app from Google Play Store or Apple App Store and register with your phone number. You can fund your Opay wallet by linking your bank card, bank account, or using a nearby Opay agent. You can also withdraw cash from your Opay wallet by visiting an Opay agent or transferring to your bank account.

What are the benefits of using Opay?

Opay gives you the freedom to get more from your money. Some of the benefits of using Opay are:

– You can make payments in seconds without transaction failure or network downtime.

– You can enjoy free transfers to any bank account or Opay wallet in Nigeria.

– You can earn cashback on airtime and data top-ups, as well as discounts on food orders and rides.

– You can access loans and savings with low interest rates and flexible repayment plans.

– You can access a variety of services such as betting, gaming, health, education, insurance, and more.

How secure is Opay?

Opay takes your security and privacy very seriously. Some of the measures that Opay takes to protect you are:

– Your data is stored and encrypted using strong cryptography.

– Your transactions are always encrypted and secured with a PIN or fingerprint.

– Opay is compliant with PCI DSS, a global standard for card security.

– Opay scans its systems daily against security threats and uses advanced fraud detection mechanisms.

How can I contact Opay?

If you have any issues or inquiries about Opay, you can contact Opay through various channels:

– Chat with us via our in-app live chat or send us a message on our official social media pages (Facebook, Twitter, Instagram).

– Call us on 0700 888328 OR 01 888328 (App & Card queries) or 0700 888329 OR 01 888329 (POS Business queries).

– Email us at support@opay.team (App & Card queries) or pos@opay.team (POS Business queries).

– Visit our website at https://opayweb.com/ for more information.

Read also: Forgot your Opay Password? (How to Reset your Opay Password Easily)


Opay is a legit and reliable digital banking platform that offers a variety of financial services to its users. Opay is owned by Opera Software AS, a Norwegian company that is part of Opera Limited, a Chinese-owned company. Opay has many benefits for its users, such as zero fees, instant loans, free transfers, and more. However, Opay also has some drawbacks that users should consider, such as network issues, customer service issues, loan interest rates, and transaction limits. Overall, Opay is a great app that needs improvement with customer service and network stability.

Ayodeji Kolawole

My name is Ayodeji Kolawole. Please note that I am not in any way affiliated with any company you read about on this blog. For more info email me on admin@ayokola.com.ng

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