Nigerian payment and financial service company OPay has appreciated its customers, merchants, and partners for their strong patronage, especially over the last 3 months.
The mobile money payment platform has been a topic on the social media platforms during the cash crunch that has hit the nation following the naira redesign. Many netizens agree that the platform has been a lifesaver in instances where traditional banks have let customers down.
Opay became Nigeria’s fourth unicorn in 2021 after raising $400 million dollars in a round led by SoftBank. Since its inception, it has played a significant role in making payments efficient in undeserved regions in Nigeria, focusing on helping emerging markets reach a faster economic development.
In a statement seen by Technext, Olu Akanmu, OPay-Nigeria’s President and CEO, said “ our OPay customers should continue to enjoy OPay’s reliable, fast, and safe transactions anywhere and anytime through OPay platforms. We are committed to providing inclusive financial services to all Nigerians that ensure no one is left behind no matter their social situation or geographic location”.
The app has several innovative features which are also easy to locate on the homepage. These include Airtime and data purchase, Payment for electricity bills, WAEC, governmental payments and levies, subscriptions (DSTV, GOTV, and Startimes), and payment for university tuition fees. These features all have their icons glaring to see.
Apart from the fact that every transfer is free on the platform, users get to enjoy 15% annually on the savings feature, OWealth. New users are also rewarded with sign-on bonuses, with cashback for every airtime and data recharge for users.
Read more: Palmpay vs Opay: What you need to know before you choose
With its debit card accepted at any ATM, users can enjoy up to 10 free ATM withdrawals monthly and zero card maintenance fees.
The chinese-backed fintech has agents in remote areas across the nations to provide cash-related services for individuals that do not have direct access to traditional banking. The platform uses Agent Banking to execute this services, claiming to have one of the largest agent banking networks in Africa with 500000 agents in its network.
The app also allows users open wallets accounts that can help them make and recieve payments seamlessly with their mobile phones, thanks to an intelligent digital native infrastructure. It is this platform has received plaudits from Nigerians in recent weeks during the cash crunch.
Similarly, small and medium merchants have also shifted to the platform to receive business payments. As Nigeria makes the move to a cashless society, Opay seeks to make financial services more inclusive using technology while working with other players in the nigerian financial ecosystem.
OPay Digital Services Limited is fully licensed by the Central Bank of Nigeria, and all deposits are insured by the National Deposits Insurance Corporation (NDIC). It is committed to providing relevant and impactful financial services that deepen financial inclusion and shared prosperity in Nigeria.
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