Is OPay Safe to Keep Money & Financial Transaction?

As culled from their official website, OPay is a one-stop mobile-based platform for payments, transfers, loans, savings and other essential services for every individual.

Currently, OPay boasts of over over 18 million registered app users and 500,000 agents in Nigeria who rely on OPay’s services to send and receive money, pay bills and many more. Opay is one of Nigeria’s most popular and used mobile money service.

The mobile money operator is renowned for its efficient in online payments processing and facilitating.

OPay is a mobile wallet where money and currency can be stored for safety and easy accessibility.

We decided to review operations of Opay in Nigeria as result of high usage of OPay especially among Small and Medium business enterprises ( SMEs).

OPay basically aid users to receive money and pay for goods or services seamless.

OPay is one of the mobile money operators in Nigeria with high drive for financial inclusion.

The company is highly engaged in distribution of POS machines which can be effectively used to serve unbanked and under-banked locations in Nigeria.

Despite the huge success recorded by OPay in Nigeria’s online payment terrain, many Nigerians are still skeptical when it comes to patronising and using mobile money operators and wallets.

This confidence issues maybe not be unconnected to prevalent online fraud which commercial banks and mobile money operators face in Nigeria.

Hence many potential Opay users asks numerous questions about the firm and its services.

In this article, we will review some FAQ about OPay in Nigeria of which how safe is OPay for transaction in Nigeria is the most pressing.

Is OPay A Bank or Microfinance Bank?

OPay is neither a commercial bank nor Microfinance bank, the online payment processing company is a government regulated mobile money operator in Nigeria.

They are financial company that engages in processing of online transactions such as payments fo bills, sending and receiving of money etc.

Is OPay Safe To Keep Money & Transaction?

Many potential users of OPay at first usually have their reservations about the safety of money on OPay platforms.

OPay is one of the mobile money operators approved and regulated by government in Nigeria through Central Bank of Nigeria (CBN).

Hence, OPay is safe for online financial transaction, processing and facilitation.

The company does not operate unregulated or without checks. Its activities and operations are monitored by Nigeria’s Apex bank.

Hence you can find OPay on the platform of all commercial banks in Nigeria and their POS machines on sale across the country.

So, it is safe to keep money or perform transaction using OPay.

I have made lots of transfers in tune of millions of naira to OPay account holders and the transactions were seamless.

Does OPay Have Office?

Offices and official operating locations helps to instill confidence in business.

Many users are worried and always sought to find out if OPay have office in Nigeria.

Well, OPay does have an office where users can visit for various reasons.

The headquarters of OPay in Nigeria is located at Alexander House, Otunba Jobi Fele Way. Ikeja. Lagos, Nigeria.

Also, another office of OPay in Lagos can be found at 103 Allen Avenue, Mosesola House, Ikeja, Lagos, Nigeria.

Although, OPay do not maintain numerous offices across the country as commercial banks, the company has a robust customer service which attends to over 12 million users of OPay in Nigeria.

So, OPay do have an office in Nigeria and it is located in Lagos Nigeria. This is the only official office of OPay in Nigeria.

How Much is The Limit For OPay Transfer Daily?

Some people do ask does OPay have limit?. The limit of how much money one can send or receive through OPay in Nigeria is N5 million daily.

You can have more than N5 million in your OPay account or wallet, but the highest amount you can send using OPay is N5 million per day. It is also the amount of money you can send using OPay.

Can OPay Be Used to Send or Receive Money Abroad?

OPay can be using to either send or receive money internationally.

Opay have partnership with WorldRemit which makes it possible for Nigerians to receive or send money fast, easy and affordable from over 50 countries across the globe of which the most notable includes: UK, Canada, USA.

So OPay can be used to send or receive money internationally and users will have the money directly credited to their phones and accounts.

Hence OPay can be used to send money outside Nigeria or receive money from outside Nigeria.

Who Owns OPay Nigeria

The owner of OPay and CEO of OPay Nigeria is Olu Akanmu. He is the founder of the mobile money company in Nigeria.

The OPay Chief Executive has years of experience in the payments industry, and he previously served as Director of Business Development for major companies.

He is a graduate of pharmacy from Obafemi Awolowo University,Ile Ife.

So this answers the question of is OPay Nigerian company? As ,it is one of the biggest mobile money companies in Nigeria.

It is among the leading fintech companies in Nigeria.


The Author

Emmanuel Igwenagu

Igwenagu Emmanuel is the founder of Nigerian Informer. He holds B.A, M.Sc in Mass Communication. He is a Communication researcher and 112 emergency help line dispatcher.

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