How to do OPay sign up


OPay is a Nigerian fintech company that provides mobile-based financial services, including mobile wallets, payments, transfers, loans, savings, and other essential services.

It was founded in 2018 by Opera Norway AS Group and is headquartered in Lagos, Nigeria.

OPay is licensed by the Central Bank of Nigeria (CBN) and its deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC). It is a member of the Fintech Association of Nigeria (FAN) and the Nigeria Inter-Bank Settlement System (NIBSS).

In this writeup, I will tell you all you need to know about Opay, including its services and benefits and how to Signup for OPay services.

How to do OPay sign up


Company NameOPay
FounderOpera Norway AS Group
HeadquartersLagos, Nigeria
Registered UsersOver 40 million
Agent NetworkOver 500,000
ServicesMobile wallet, payments, transfers, loans, savings, and more
Mobile WalletStore, send, receive money, pay bills, make purchases
PaymentsOnline and offline payments, bill payments (electricity, water, TV subscriptions)
TransfersSend money to other OPay users or bank accounts (often free)
LoansShort-term loans to qualified users
SavingsSavings products with interest on deposits
Other ServicesAirtime and data recharge, betting, food delivery, and more
RegulationLicensed by Central Bank of Nigeria (CBN), deposits insured by Nigeria Deposit Insurance Corporation (NDIC)
MembershipsFintech Association of Nigeria (FAN), Nigeria Inter-Bank Settlement System (NIBSS)
MissionDeepening financial inclusion in Nigeria and enabling shared prosperity through accessible and affordable financial services

This table provides a concise overview of OPay, its services, and its commitment to financial inclusion in Nigeria.

1. Services

The services provided by OPay are diverse and cater to various financial needs. These services include:

  1. Mobile Wallet: OPay users can create and utilize a mobile wallet to store, send, and receive money. Additionally, it serves as a platform for paying bills and making purchases.
  2. Payments: The mobile wallet allows OPay users to conduct payments to merchants, both online and offline. Furthermore, it facilitates the payment of utility bills, including electricity, water, and TV subscriptions.
  3. Transfers: OPay users can seamlessly send money to other OPay users or to bank accounts, and the best part is that this service is often offered for free.
  4. Loans: OPay provides short-term loan services to eligible users, making it a valuable resource for those in need of financial assistance.
  5. Savings: OPay has designed savings products that enable users to earn interest on their deposits, promoting a culture of saving and financial growth.
  6. Other Services: In addition to the core services mentioned above, OPay offers a diverse range of other services, such as airtime and data recharge, betting, and food delivery.

License and Regulation

OPay is licensed and regulated by the Central Bank of Nigeria (CBN), and its deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC). It is an active member of both the Fintech Association of Nigeria (FAN) and the Nigeria Inter-Bank Settlement System (NIBSS).

The company is dedicated to promoting financial inclusion in Nigeria and aims to contribute to shared prosperity. OPay achieves this mission by delivering innovative and affordable financial services that are accessible to all segments of the population, thus making a significant impact on the country’s financial landscape.

2. How to do OPay sign up

To sign up for OPay, please follow these steps:

  1. Download the OPay App: Go to the Google Play Store or Apple App Store, search for “OPay,” and download the app.
  2. Open the App and Register:
    • Open the OPay app after installation.
    • Tap on the “Register” button to begin the registration process.
  3. Enter Your Phone Number:
    • Input your valid phone number.
    • Tap “Next” to proceed.
  4. Verification Code:
    • OPay will send you a verification code via SMS to the provided phone number.
    • Enter the code in the app and tap “Next” to verify your phone number.
  5. Create a Password:
    • Set a strong password for your OPay account.
    • Tap “Next” to confirm your password.
  6. Provide Personal Information:
    • Enter your personal details, including your name, date of birth, and email address.
    • Tap “Next” to proceed.
  7. Link Your Bank Account (Optional):
    • You may be asked to link your bank account. If you don’t want to do this at the moment, you can skip this step by tapping “No Bank Account.”
  8. Completing the Registration:
    • Your OPay account is now created.
    • Tap “Start” to begin using the app for various services, including sending and receiving money, paying bills, and purchasing airtime and data.

If you are signing up for a merchant account, you will need to provide additional information about your business, such as the business name and address. You will also need to choose the type of merchant account (e.g., individual or corporate).

Additional Tips:

  • Ensure that you provide a valid phone number and email address during registration.
  • Create a strong and secure password for your OPay account.
  • If you are registering as a merchant, make sure to provide accurate and complete information about your business.
  • You can enhance your account’s capabilities by verifying your identity using your National Identification Number (NIN) or Bank Verification Number (BVN), enabling access to additional OPay features and services.

Once you have successfully signed up for OPay, you can start using the app for various financial transactions and services.

3. benefits of using opay app

The OPay app provides a range of benefits for users, making it a versatile and convenient financial tool. Here are some of the key advantages of using the OPay app:

  1. Convenience: OPay serves as a comprehensive financial services platform, offering a wide array of services all within a single app. Users can easily access mobile payments, money transfers, bill payments, airtime and data top-ups, and savings at any time, directly from their smartphones.
  2. Affordability: OPay offers competitive fees on its services, making it cost-effective for users. For instance, you can send money to any bank account in Nigeria for free, which can result in significant savings for frequent money transfers.
  3. Security: OPay is a licensed mobile money platform by the Central Bank of Nigeria (CBN). It employs advanced security technologies to ensure the safety of your financial transactions and personal information. This means your money is well-protected when using the app.
  4. Rewards: OPay offers various incentives to its users. These may include cashback on airtime and data top-ups, free ATM withdrawals, and the opportunity to earn interest on savings, providing additional value and financial benefits.

Specific examples of how you can benefit from using the OPay app include:

  • Payment for Goods and Services: You can conveniently pay for goods and services both online and offline. This includes transactions at restaurants, supermarkets, pharmacies, and a wide range of other merchants. The app’s versatility allows for seamless payments in various situations.
  • Instant Money Transfers: OPay enables instant money transfers between OPay users and to any bank account in Nigeria. This swift and hassle-free service is particularly useful for sending and receiving funds securely.
  • Bill Payments and Top-Ups: With OPay, you can easily settle bills such as electricity, water, and TV subscriptions. Furthermore, the app supports topping up airtime and data for all major Nigerian networks, making it a convenient solution for staying connected.
  • Savings and Earnings: The app offers a savings feature that allows you to earn interest on your savings. It provides flexibility by allowing you to withdraw your savings at any time without incurring fees, making it a rewarding and accessible way to save money.


In conclusion, the OPay app is a user-friendly, cost-effective, and secure tool that streamlines financial management. Its range of features and benefits cater to various financial needs and can contribute to a more convenient and economical financial experience for users.

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