OPay: How to use, make money, get loans & more

OPay is an online wallet that is used by many people for making payments and transactions on mobile phones. OPay has an interesting background, one which I am sure you would like to hear about. In this article, you will learn how to use OPay, how to send money, withdraw cash, get loans, and lots more.

OPay actually started in 2010. Then, it was known as PayCom, under PayCom Nigeria Limited. PayCom Nigeria Limited is a mobile money service incubated by Telnet Nigeria Limited.

In 2018, another company “Opera Group” acquired PayCom. As you may know, Opera Group is the owner of Opera Browser, Opera News and Opera Ads. After acquiring PayCom, OPay was launched.

OPay was launched in June, 2018 in Ikeja, Lagos, Nigeria. The registered name of the business is Olay Co. Inc. OPay is an acronym for Opera Pay. The parent company is Opera Group. Some Opera services like OBus, OFood, Okash, ORide, OWealth, OList, etc accept OPay as a method of payment. Even Opera News writers are paid through the OPay app. 

With OPay, you can pay your bills, recharge airtime, send and receive money, win cashbacks, and more.

How does OPay work?

OPay is a Fintech company that facilitates mobile transactions through the use of its mobile app. You can recharge your airtime, transfer cash to other users, pay your bills, withdraw money into your bank account and do many other things with OPay.

All you have to do is download the OPay app and create an account.

Benefits of using OPay

  • You can use the OPay app for purchase of airtime. All Telecom companies in Nigeria are supported (MTN, Airtel, Glo and 9Mobile). You can also do data subscriptions on the app.
  • Payment of electricity bills can be done on OPay.
  • You can make your DSTV, GOTV, and Startimes subscriptions through the OPay app.
  • Money transfers can be done on the OPay app. You can send money to users on the app and also to normal bank accounts.
  • You can get a loan by using OKash services.
  • You can make an investment and gain interest annually through OWealth.
  • You can deposit money on betting platforms through OPay. NairaBet, Bet9ja, Cloudbet and Supabets are supported.
  • You can become an OPay merchant and make money with OPay.

Is it safe to use OPay?

OPay is licensed by the Central Bank of Nigeria. Launched in June 2018, OPay now has over 300,000 merchants all over the 36 states of Nigeria.

OPay has partnered with many reputable companies. Few of them are FlutterWave, MTN, Google, Interswitch, Betway, uLesson, Remit One, etc.

OPay Nigerian office address is located at Alexander House, Otunba Jobi Fele Way. Ikeja. Lagos, Nigeria.

OPay is a legal business and it’s safe to use.

How to open an OPay account

  • Download the OPay app on Google Play Store or iOS Store.
  • Launch the app and create an account.
  • Some information will be required of you. Be sure to fill in all necessary details correctly.
  • You have to verify your BVN, provide a means of identification and a utility bill to increase your daily transfer limit.

How to make money on Opay

You can make money on Opay by referring your friends and family. All you have to do is click here to register.

Then you download the app. For every person you invite to use the app, you will be paid ₦150. When those you invite, invite others, you will be paid ₦30.

There is no limit to how many people you can invite.

Another way to make money with Opay is to become an Opay agent.

How to use OPay on a web browser

OPay and its services can be used on a web browser. Use the steps below to log in to your OPay account using the Opera Mini browser.

  • Download the Opera Mini browser. If you already have it installed on your phone, you can just launch it.
  • On the Opera Mini homepage, there are icons of some Opera services put there by default. Look for the OPay icon (or Cashback) and click on it.
  • A large ad banner is usually displayed. You should cancel the ad and proceed. You will see a Login button at the top left corner.
  • Here you will need to input the phone number you used to register your OPay account. Enter your password and wait for an OTP.
  • The OTP will be sent by text or by phone call. Verify the code and you can start using OPay on your Opera Mini browser.

How to use OPay on your phone dialer app – USSD code for OPay

Apart from using OPay wallet services on your Browser and mobile app, you can also enjoy its services without having an Internet connection.

Sometimes you might want to check your account balance, purchase airtime, transfer or withdraw money but your data is exhausted. At times, you might also feel tired or lazy to launch the app and navigate through it.

You can save yourself stress by using OPay’s USSD service. Dial *955# on your mobile phone and make use of OPay wallet services right from your dialer. This option is enabled by default for all registered users.

How to fund or deposit money into your OPay account

You can deposit money into your OPay account in 3 ways.

Fund your OPay account with your debit card

You can deposit funds into your OPay account through your bank debit card. This option will require you to link the card to your account.

Fund your OPay account by sending money from a banking app

Another way to fund your OPay account is by doing a money transfer from the mobile app of your bank. 

Every registered user on OPay has an account number, although it’s not as functional as the ones issued by normal banks. The last 10 digits of the number you used to register your OPay account is your account number by default.

For example, if I registered my OPay account with the phone number “09012345678”, then my account number will be the last 10 digits “9012345678”.

When sending the money through a mobile app, select PayCom Bank as the bank. The money will be received in your OPay account. However, not all banks support this feature. Below are the Nigerian banks that you can use with PayCom Bank:

  • Access Bank.
  • United Bank Of Africa (UBA).
  • Heritage Bank.
  • Zenith Bank.
  • Union Bank.
  • Diamond Bank.
  • First City Monument Bank (FCMB).
  • Wema Bank.
  • GTBank.
  • Stanbic IBTC.
  • Sterling Bank.

Fund your OPay account through an OPay merchant

This third option is the best if you have cash. You won’t have to deposit the cash at a bank branch before you can fund your OPay account.

An OPay merchant is a POS agent that makes use of OPay services. Such a person is registered with OPay as an agent and not a normal user. Also, an OPay agent has a daily transaction limit that is higher than that of normal users.

To fund your OPay account through an agent, open the OPay app and tap on “nearby agents“. You will see all the OPay merchants near you and the location of their outlet.

On getting to the POS outlet, give the agent your cash and your OPay account will be credited with the same amount of funds.

How to withdraw money from your OPay account

There are 2 ways to withdraw money from your OPay account. One way is to use the OPay app to withdraw to a bank account. You will be credited in minutes.

Another way is to visit the outlet of an OPay agent. Send the money to the agent’s OPay account and you will receive your money in cash.

How to send money to other users on OPay

As long as you have a sufficient balance on your OPay account, you can send your desired amount to another OPay user. 

Open the OPay app, click on the “transfer” button on your dashboard and select OPay. Input the beneficiary’s OPay number (the phone number that your beneficiary registered with) and the amount you are sending. Enter your password and the transaction is complete.

Alternatively, you can visit an OPay agent and deposit cash. You will also provide the OPay number of the beneficiary. The same amount you deposited will be sent.

How to get a loan on OPay

OKash is a sister company to OPay. OKash is registered as a Microfinance Bank with the Central Bank of Nigeria.

OKash offers its services under the name “Blue Ridge Microfinance Bank“. You can borrow short term loans with OKash and pay later.

To borrow a loan from OKash, you just have to download the stand-alone app from Google Play Store. You can also visit the OKash website.

You need to be within the age of 20-55 years old before you can borrow loans on OKash. You will also need to provide your BVN and other bank information.

OPay service charges

Each OPay user has 3 free bank transfers per day. Subsequent transactions will cost a service charge of #15.

OPay app aownload

To use the OPay app on your mobile phone, you can download it from Google Play Store. iPhone users can also download from the iOS Store

OPay Office Address In Nigeria

OPay has its Nigerian head office at Alexander House, Otunba Jobi Fele Way, Ikeja in Lagos State, Nigeria.
The working days are Monday to Friday. The working hours begin at 9 AM and end at 5 PM (West African Time).

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Victor Iyiola

Victor Iyiola

Victor Iyiola is a Content Writer with MakeMoney.ng. He has a great passion for Business, Finance, and Entrepreneurial topics. Victor is a big fan of
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Articles: 171


    • Does Opay have robust capacity to track all its transaction to guard against fraudulent activities on her channel to boost confidence in prospective customers?

  1. I downloaded and opened the OPay app, fund my account. I was trying to transfer from my account to another account but to no avail. At first, It was telling me to reset pin, later when I proceed to credit me, I provided my bvn and it was telling me that the bvn number has been used before. What exactly may be wrong please?

  2. I just downloaded OpayApp, l haven’t know how it works.
    With people’s testimonies about it, l have no doubt that it is a good App. And l hope it is secured from fraudsters because of the issue provide BVN.

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