Opay digitra bank is now a house hold name. It became very popuar during the fiancial crunch some months ago in Nigeria. Opay is an online digital wallet which enables a large number of users to make payment and transactions using their mobile phones. Opay’s got a unique background, which you would love to know more about.
You’ll learn a lot of things about Opay in this article, how to send money, withdraw cash, get loans and so much more.
Do yo know that, Opay actually began in 2010. Under the name of PayCom Nigeria Limited, it was then known as PayCom. Incubated by Telnet Nigeria Limited, PayCom Nigeria Ltd is a telecommunications money service.
PayCom, was purchased by the Opera Group in 2018. You may also be aware that Opera Browser, Opera News and Opera Ads are owned by the Opera Group. Opay was created as a result of PayCom’s acquisition.
In June 2018, Opay began its operation at Ikeja in Lagos, Nigeria. The registered name of the business is Olay Co. Inc. OPay is an acronym for Opera Pay. Opera Group is a parent company. OPAY is accepted as a payment method by certain Opera services, like OBus, OFood, Okash, ORide, OWealth, OList and so on. In the OPay app, opera news writers can also be paid.
You can make payments through OPay,, send and receive money, earn cashbacks or many other things.
How Opay Digital Bank Works
OPay is a FinTech firm that enables you to make transactions using your phone’s app. With OPay you can recharge your airtime, transfer money to other users, pay their bills, withdraw funds from bank accounts and do a lot of other things.
All you have to do is install the Opay app and open an account.
Benefits Of Opay Digital Bank
For the purchase of airtime, you can use the Opay app. All Telecom companies in Nigeria are supported (MTN, Airtel, Glo and 9Mobile). The data subscriptions can also be made in the app.
You can pay your electricity bills on Opay.
With the Opay app, you can subscribe for DSTV, GOTV and StarTimes.
You can use the OPay app to make money transfers. In the application.
By using OKash services, you can obtain a loans.
Through OWealth, you’ll be able to invest and earn interest on a yearly basis.
Through the Opay app, you will be able to deposit your money into betting platforms. They support; Nairabet, Bet9ja, Cloudbet and Supabet.
You’re able to be an Opay merchant, and you can make money with it.
Is Opay Digital Bank Safe To Use?
Opay Digital Bank has been certified by the Central Bank of Nigeria. OPay has more than 300 thousand merchants across the 36 Nigerian states since its launch in June 2018.
A number of well known companies have come together with Opay. A few of the ones are FlutterWave, MTN, Google, Interswitch, Betway, ULesson, Remit One, etc.
The address of Opay Nigeria’s office is at Alexander House, Attunba Jobi Fele Way. Ikeja. Lagos, Nigeria.
Opay is a legal service, and it can be used safely.
How To Create An Opay Digital Bank account
Download and install the Opay app from Google play store or IOS store
Launch the app and set up an account in it.
You’re going to have to provide some information. You should make sure that all the necessary details are filled in correctly.
In order to increase the daily transfer limit, your BVN should be verified and you must provide proof of ID and a utility bill.
How To Make Money On Opay Digital Bank
Referral of friends and family can make you money on Opay. Registering, that is all you have to do.
Then you download the app. For every person you invite to use the app, you will be paid ₦800. When those you invite, invite others, you will be given commission. How many people you’re going to be able to invite is not limited.
Becoming an Opay agent can also be a way to earn money with Opay.
How To Use Opay Digital Bank On A Web Browser?
You can use the web browser to access Opay and its services. You can access your OPAY account with Opera Mini browser by using the following steps:
Download the Opera Mini browser. You can just launch it if you already have it installed on your phone.
There are icons for some of Opera’s services that can be specified by default in the opera mini homepage. Click on the OPAY icon or the Cashback icon.
It is typical to display a large advertising banner. You’ve been advised to delete this ad and proceed. At the top of the left corner, you will see a login button.
In this area you will have to enter a phone number from the one that was registered for your Opay account. Wait until you receive an OTP, enter your password.
You can send an OTP by text or receive a phonecall. Check to see if this code is valid, and open Opay in your Opera Mini browser.
How To Use OPay Digital Bank On Your Phone Dialer App – USSD Code For OPay Digital Bank
In addition to using OPay’s wallet service on your browsers and Mobile applications, you can take advantage of these services with no Internet connection.
You may want to check account balance, buy airtime, make transfers or withdraw money occasionally and your data is exhausted. Sometimes, when opening the app and going through it, you might be feeling tired or lazy.
Using OPAY’s USSD service will save you time and stress. Use the OPay wallet service right from your dialer by calling *955# on a mobile phone. For all users signed in this option is allowed to be enabled by default.
How To Fund Or Deposit Money Into Your OPay Digital Bank Account
There are three ways of depositing money to your Opay Digital Bank account.
1. Fund your OPay Digital Bank account with debit card
With a debit card from your bank, you can transfer funds to an OPay account. You’re going to have to connect the card to your account with this option.
2. Fund your OPay Digital Bank account by sending money from a banking app
A cash transfer via the Mobile App of your bank is another way to finance Opay accounts. Every registered user in OPay is assigned an account number, although it’s not as efficient as the ones issued by normal banks. Your account number by default is last 10 digits of the number that you used in registering your Opay account.
For instance, if I registered my OPay account with this phone number “09012345678”, then my account number will be the last 10 digits “9012345678”.
Select the PayCom Bank as a bank when you send money to your phone using an app. You’ll be receiving the money in your Opay account.
This feature, though, is not supported by all banks.
3. Fund your OPay account through an OPay merchant
If you’ve got money, this third option is the best. Before you can transfer money into your OPay Digital Bank account, you do not need to deposit cash at a bank branch.
A POS agent who uses OPay services is an OPay merchant. The person is registered as an agent by OPay, not a normal user. Also, there is a limit to the number of transactions that can be made each day on OPAY’s agent which exceeds what users are used to.
To fund your OPay Digital Bank account through an agent, open the OPay app and tap on “nearby agents“. You will see all the OPay merchants outlets that are close to your location.
Upon getting to the POS outlet, give the merchant your cash and your OPay account will be funded with the same amount of funds.
How To Withdraw Money From Your OPay Digital Bank Account
Withdrawing funds from your Opay account is available in two ways.
The first way is to use the OPay app to withdraw to a bank account. In a few minutes, you’re going to be credited. Another way is to visit an OPay merchant outlet.
Transfer the money to your agent’s OPay account and you will receive it in cash.
How To Get Loans On Opay Digital Bank
OKash is a company in collaboration to OPay. This OKash is authorised by the NCB of Nigeria to operate as a microfinance bank. OKash provides its services by the name of Blue Ridge Microfinance Bank. OKash allows you to take out a short term loan and pay it off in the future.
You can also just download the standalone Google Play Store app in order to borrow money from OKash. A website of OKash can also be found.
Before you can apply for an OKash loan, you have to be between 20 and 55 years of age. You will also have to provide the BVN as well as other bank information.
