OPay Digital Services Limited, established by the Opera Norway AS Group, has extended its presence across Asia, Africa, and Latin America, including countries such as Mexico, Nigeria, Egypt, and Pakistan. In 2018, OPay Nigeria was founded and has since experienced remarkable growth, now standing as a well-known name among Nigerians with a user base exceeding 40 million.
Today, the financial services platform has become a dominant force in Nigeria’s fintech landscape, offering a range of digital financial services. As a Fintech Company, OPay is licensed by the Central Bank of Nigeria (CBN), providing users with the assurance that all deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC).
OPay is a user-friendly financial services platform that makes everyday transactions easy with its mobile app. Starting in Nigeria, the mobile banking solution offers various services like mobile money transfers, bill payments, and POS transactions. It provides a convenient way for people to handle their financial needs right from their mobile phones.
The financial services platform has the following features:
- Money Transfers: OPay simplifies the process of money transfers, allowing users send and receive funds with ease. For family members, friends, or business transactions, OPay’s platform offers a secure way to handle financial transactions. This feature is particularly beneficial for people who need a quick solution for their everyday money transfer needs.
- Pay Bills: The platform goes beyond just peer-to-peer transactions by offering a bill payment feature. Users can conveniently settle various bills, including utilities, subscriptions, and other payments, directly through the platform.
- OPay Debit Cards: OPay provides users with a secure payment solution through its debit cards. These cards offer a seamless way to make purchases, both online and offline, improving the overall transaction experience for OPay users.
- Owealth: Owealth allows users earn daily interest on their funds. This investment option provides an avenue for users to grow their money while maintaining full access and control over their funds. Owealth is designed to offer a blend of financial growth and flexibility, addressing the needs of people looking for opportunities to make their money work for them.
- Mobile App: The mobile app is available on both iOS and Android. The app provides a seamless experience for accessing all of the platform’s features, from money transfers to bill payments and investment through Owealth. The platform’s mobile app empowers users to manage their finances anytime, anywhere, with just a few taps on their smartphones.
OPay has emerged as a multifaceted fintech platform, contributing to the growth of digital financial services in various regions, particularly in Africa.