The quest for how to open an account with Opay has been a question many people need an answer to. This is not far-fetched if not for the rate at which technology is taking over almost all aspects of life. The banking system is also not excluded.
With just your mobile phone you can open an account with Opay without any difficulties.
Do you want to open an account with Opay? Then worry no more because you are on the right page.
In this blog post I will walk you through;
- How to Open an Account with Opay.
- How To Use Opay App for Payments both Sending and Receiving Money.
Also, I will unveil the requirements to open an Opay bank account, how to use the Opay App for payments, and sending and receiving money. Likewise, answers to some frequently asked questions will be provided.
However, before we talk about that let’s look briefly into the Opay fintech bank.
What is an Opay Account
Before we dive into how to open an account with Opay, let us know what an Opay account is.
Opay account is a digital account that gives you the freedom to send and receive money from the comfort of your home.
Opay is one of the financial technology companies that provides a digital mobile payment network solution to its customers.
It is a one-stop mobile-based platform, which you can use for;
- payment
- transfers
- loans
- savings
- other essential services for every individual.
The company aims to bring closer to all unbanked individuals access to basic financial services. However, millions of banked and unbanked individuals are now enjoying this outstanding bank due to its efficiency.
Ultimately, OPay is beyond banking as it is committed to deepening financial inclusion through technology and enabling shared prosperity.
Benefits of Opening An Account with Opay
Opay is one of the well-known fintech financial systems used by people across Africa. Hence, there are numerous benefits you will have access to if you open an account with Opay.
Some of these are:
Ease of Use
There is no doubt one of the benefits you have access to if you open an account with Opay is convenience. That is, it is easy to use.
You can easily transact your funds without a hitch, unlike conventional banks.
Cheap Service Fee
Opay offers a very cheap service fee for all the transactions you carry out on it. All you need is an internet connection. Or pay a service fee of #10 if you are using the USSD. Thus it is the best affordable platform you can think of.
Cashback
One of the numerous benefits you will receive if you open an account with Opay is the cashback opportunity.
Here you will be given a commission anytime to buy airtime or data on the platform. The good thing is that you can use this cashback to buy airtime and data again on the platform and you will still receive another bonus.
Is that not fascinating?
Fast
The Opay platform is very fast. That is, you can complete all transactions within a few seconds.
Refer and Earn
Do you know anytime you refer another person to use Opay you will earn a whole 800 naira? Yes, #800 per referral.
Other benefits you will enjoy if you open an account with Opay are the ability to pay for:
- Electricity
- TV
- Internet
- School and Exam
- Health Insurance
- Travel and Hotel
- Invoice payment among others.
Why don’t you open an account with Opay now and enjoy all the benefits listed above and many more?
Requirements for Opening An Opay Account
Yes, I know you want to open that Opay account now to enjoy unlimited access to the banking of your dreams. However, some conditions must be met before you can achieve that.
They are;
- An active phone number.
- The Opay mobile App. If you are using a phone without an internet connection you can still open an account with Opay by dialing *995#.
- An email address (Optional).
- A valid means of identification such as a National ID card, voter card, International passport, or Driver’s license (optional).
- The Bank Verification Number (BVN) though it is optional.
With all this, you are just a step closer to completing opening an account with Opay.
Opay Signup and Registration: How to Open an Account with Opay
These are the proven easiest guides you need on how to open an account with Opay.
1. Download the Opay App
The first thing you need to do before you can open an account on Opay is to download the Opay app from the Google Play Store or Apple App Store.
After downloading the App the next thing is to register your account.
2. Register Your Account
Install the Opay App and select the “Register” option once you have downloaded it.
Then input your correct phone number and password. Note that you must be able to remember the password you used because you will need it any time you want to open the App on your mobile phone.
3. Verify your Phone Number
After registering your account, OPay will want to confirm if those actions are carried out by you. Thus, you will need to verify your phone number.
A verification code will be sent to your phone number via SMS. Then you are expected to enter that One-Time Password (OTP) in the App to verify your phone number.
Once your phone number is verified, you will be able to continue with the registration procedures.
4. Complete Your Profile
After you have verified your phone number, you will be able to complete your profile.
Accordingly, fill in your biodata like your full name, country of residence, email address, date of birth, occupation, and home address.
Note that you must be as accurate as possible because the information you provide will be used to verify your individuality.
5. Set up a Security PIN
You know it is important to secure your account. That is why Opay will want you to set up a security PIN. Note that you must be able to remember the PIN you used. It is important because you will need it to complete all your transactions on the App.
6. Verify Your Identity
The next thing is to verify your identity. Though this is not compulsory, it is necessary if you intend to use the entire features of Opay without limitation.
All you need is to present your National ID card, International Passport, and Driver’s License. Then your utility bill.
Once this is done you can access all the features on the Opay platform.
7. Funds to your Opay Account
After you are done with the registration you can fund your account if you wish to do so. You can do this by;
- Linking your conventional bank account.
- Using a debit card.
- Asking another party to transfer to your account.
After that, you are good to go. Then you can start sending, receiving money, and performing other transactions using your Opay account.
How To Use Opay App for Payments, Sending and Receiving Money
Now that you have your Opay account you can easily use it to make payments, sending and receiving money.
The following is the step-by-step guide on how to use the OPay App for payment without any hassle.
How to Use Your Opay App for Sending Money
If you intend to send money with your Opay App, then there is a need to fund your wallet.
Hence, you can do this by linking a Nigeria debit card or bank account to your OPay account.
After that, you can send the amount you wish to a family or friend.
Step 1: To send money just, click on the “Transfer ” icon on the app’s homepage.
Then, you will be directed to another page where you will be asked if you are sending to another Opay account or other banks.
Step 2: Then input the beneficiary account number if you are sending money to another Opay account. After that, the account name will pop up.
Step 3: After that type the amount you wish to send to the beneficiary.
Step 4: Verify whether the details of the person you are sending money to are correct.
Step 5: After you have confirmed the details, input your transaction PIN.
That is it, the money will be sent in a blink of an eye.
However, if you are sending money to other banks aside from Opay.
The first thing to do is to select other banks.
Accordingly, you will be directed to a page where you will select the beneficiary bank.
After that follow the prompts as above.
How to Use Your Opay App for Receiving Money
If you want to receive money on your Opay App follow the steps below.
Step 1: First, click the “Receive Money” icon on the App’s homepage.
Step 2: After that, you will be required to share the generated QR code with the sender. Then the sender will then scan the code and then transfer the money into your account.
Otherwise, you can provide your phone number which is also your account number to the sender.
Step 3: After, the sender has input your phone number. Ultimately, receive your alert and be happy.
How to Use Your Opay App for Other Payment
In order to make payments for bills or buy airtime, data, and internet service among others.
First, click on the “Payments” icon on the App’s homepage.
Then, choose the type of bill you want to pay.
Subsequently, enter the amount you intend to pay and other payment details.
Ultimately, confirm the payment.
How to Use Your Opay App to Withdraw Money
In order to withdraw your money from your Opay account follow the steps below.
Step 1: Click on the “Withdrawal” icon on the App’s homepage.
Step 2: Then select your preferred withdrawal method.
You can withdraw using your Opay ATM card or via an Opay merchant.
Step 3: Similarly, enter the amount you intend to withdraw.
Step 4: Ultimately, enter your PIN and collect your cash.
Final Thought
You do not need to spend the whole day in the banking hall all in the name of sending or withdrawing funds.
With an Opay account, you can do that and lots more anytime you feel like it.
To enjoy all the services Opay has to offer, download the App from the Google Play Store or Apple Store. Then register with your active phone number.
Ultimately, make payments, sending and receiving money with the App by selecting the appropriate icon. Then for the prompt.
Frequently Asked Questions on How to Open an Account with Opay/How To Use Opay App for Payments, Sending and Receiving Money
What documents are required to complete my registration?
All you need is your Bank Verification Number (BVN).
A utility or any other bill dated not more than three months prior to merchant registration as proof of your address.
Then, a copy of your national ID card, driver’s license, or international passport and 1 passport photo.
What do I do when I receive a debit alert but there is no credit in my wallet?
Anytime you experience this just contact ng-support@opay-inc.com and send the following information
The transaction number.
A screenshot of the SMS or email alert you received from your bank.
Finally, the first 6 and last 4 digits of your ATM card in a message.
Note that you must not give your full card details to anybody including OPay staff.
Can I open an account with Opay without my BVN?
A: Yes, you can open an account with Opay without your BVN. However, your daily withdrawal will be limited.
Can I still open an Account with Opay if I don’t have an email address?
Yes, you can, the email address is not compulsory in opening an account with Opay.
How do I download the Opay App?
You can easily download the Opay App from the Google Play Store if you are an Android user.
However, if you are using an IOS device, then you will download it from the Apple App Store.
