Pay digital services limited has gotten approval by the Central Bank of Nigeria (CBN) to start the international money transfer services in Nigeria. Whit this approval, OPay will start facilitating remittance business to business, business to person and person to person remittance services into Nigeria via the Opay app.
This approval comes on the heels of the earlier announced $50 million the Opay company raised from major venture capitalist some months ago. The international money transfer services are to distort the remittance space and ensure that international money transfer into Nigeria is safer, faster and more affordable,
With OPay app money transfer in Nigeria, it will be easier and faster for global remittance companies to partner with OPay to help their customers to receive money from their business partners, customers and loved ones directly into their OPay wallet and any bank account or mobile wallet in Nigeria.
Recipients can go cash out their funds from their OPay wallets at any of over 100,000 OPay app agents in Nigeria
Opay already working with major global remittance companies around the world and will start facilitating remittances to Nigeria with these partners, ensuring the best fees and exchange rates, speed and security.
According to Kunle Olamuyiwa, Director of Remittances Services at OPay statement, There is a plan to commence a big-bang promo in December with lots of prices for recipients of money transfer who receive their money directly into their OPay wallets.
Everyone who has families around the world can get the OPay Wallet. They will get better value for these funds doing transfers to any bank, paying their bills, buying food and also using our on-demand transport services i.e. Oride, OBus and Otrike. And on top of all, they can channel unused funds to OWealth and earn interest on it daily.
Advantages of Downloading the from Mobile App Store
OPay company is a mobile wallet developed by Opera and designed for Android and IOS devices. It allows users to live a life of ease and comfort with the touch of a button on their mobile phone.
With OPay app, user can order a cheap bike ride with ORide, make and receive payment with OPay QR, make payment for data and airtime, transfer money, order food with OFood and more.
Hail a bike (ORide): With OPay you can hail a bike and pay instantly from your OPay account. Refer a friend to use ORide and you get coupons to enjoy free rides with ORide.
Payment by scanning (OPay QR): You can pay and receive money by just scanning the OPay QR code, without cash. It’s very convenient, fast, safe and free of charge.
Mobile data (Airtime): Purchase airtime for family or friends from any network with the OPay app.
Send and request money (Transfer): Choose from your contact book or type in a phone number to send or request money for free.
Multiple funding options (Add Money): Funding your wallet is so easy. You can fund from your bank app or by adding your cards.
Subscribe for cable TV (TV): You can pay for your GOTV, DSTV and STARTIMES subscription using OPay and the beauty is we don’t charge any convenience fee.
Electricity bill (Electricity): You can pay for your prepaid electricity with OPay and we don’t charge any convenience fee.
Order food (OFood): You can order food from your favourite and best restaurants from the OPay app.
Cash in/out: Find a nearby agent on the app to cash in or cash out for unbanked users
Betting: Fund your Bet9ja and SupaBet wallet from your OPay
Hail a bus (OBus): You can hail a public bus from OBus for a safe, comfortable and affordable, which can aid payment and ease the stress of commuting in Lagos
Capital Investment (OWealth): You can use OPay’s investment platform OWealth for investment where you can invest as low as N500 and receive returns on your investment
As a Nigerian, you can download the Opay app from the Google Play Store and App Store to become an agent in your neighbourhood and make good money from commissions on transactions from users. Go to to the Opay website for more detailed information.