Opay is a popular mobile money and financial services platform that allows users to send, receive, and make payments easily from their mobile phones. With Opay, you can pay bills, buy airtime, transfer money and much more.
In this guide, we\’ll provide everything you need to know about using Opay, including how to download the app, register, and take advantage of their services. We\’ll also explain how you can become an Opay agent and get a free POS machine to start your own mobile money business.
What is Opay?
Opay is a mobile money service launched by Opera in 2017 as part of its $100 million investment in Africa for the growth of the digital economy. The service made its way to Nigeria in 2018 with the acquisition of Telnet Nigeria Limited\’s mobile money platform Paycom.
Opay is designed for Android users to make fast, cheap and secure transactions from the comfort of their smartphone. This service also allows you to receive and send money directly to bank accounts without actually having a bank account.
Opay is focused on facilitating cashless transactions and promoting financial inclusion across Nigeria. Since its launch, Opay has expanded to offer several financial services including:
- Opay wallet – for sending and receiving money
- Airtime purchase
- Bill payments
- Person-to-person transfers
- Cash withdrawals and deposits
- Merchant payments
- Loans and savings
- Ride hailing services
With millions of users and agents across the country, Opay aims to bank the unbanked and drive the adoption of cashless payments in Nigeria.
Key Features of Opay
Here are some of the key features that make Opay a preferred choice for mobile money services:
- Send and request money – easily send or receive money from other Opay users.
- Airtime purchase – buy airtime for yourself or others directly from the app.
- Transaction history – view records of your transactions on the app.
- Transaction receipts – get digital receipts for all transactions.
- Rewards points – earn points for transactions that can be redeemed for airtime.
- Bill payments – pay bills for services like electricity, cable TV etc.
- Cash withdrawal and deposits – withdraw from or deposit into your Opay wallet.
- Merchant payments – make payments to registered merchants using QR codes or NFC.
- Oride – book and pay for bike taxis and tricycles.
- Obus – book and pay for bus rides.
- Oexpress – send and receive packages/parcels.
- Ofood – order food online and pay seamlessly.
- Omall – shop online and pay with Opay.
- Savings – save money and earn interest.
- Loans – access quick loans and pay back easily.
How to Download and Register on Opay
Downloading and registering on Opay is quick and straightforward. Just follow these steps:
- Download the Opay app from the Google Play Store on your Android phone.
- Open the app once installed.
- Select your preferred language – English or Igbo.
- Tap on \”Create an account\”.
- Enter your phone number and tap on \”Continue\”.
- You will receive an OTP (one-time password) via SMS. Enter the OTP and click on \”Submit\”.
- Provide your personal details – full name, email address, phone number, date of birth, gender and address.
- Create a 6-digit security PIN. This will be used for authorizing transactions.
- Accept the Terms of Service and tap on \”Continue\” to complete registration.
Once your details are verified, your Opay wallet will be activated and ready for transactions. You can also upgrade to an Opay agent at this point.
How to Become an Opay Agent
Becoming an Opay agent allows you to provide Opay services to customers and earn commission on transactions. As an agent, you can register new customers, process transactions like deposits and withdrawals, and recharge Opay wallets.
Here are the steps to become an Opay agent:
- Download and register on the Opay agent app or consumer app.
- Select the Agent option and fill the agent registration form.
- Provide valid ID, utility bill, passport photo and BVN for verification.
- Opay will verify your documents and activate your account as an agent.
- Fund your Opay agent wallet to get started. You can fund from your bank account.
- Set up your agent point – location, equipment, float funds etc.
- Start processing transactions once approved!
You will get a commission on every transaction done through your agent account. You can visit www.opayweb.com or email [email protected] for any assistance.
How to Get Opay POS Machine for Free
One major benefit of becoming an Opay agent is that you can get a POS machine for free after meeting some criteria. This POS machine allows you to offer more services to customers from your agent point.
Here is how to qualify for a free POS machine as an Opay agent:
- Consistently complete at least 150 successful transactions per month.
- Reach a minimum volume of ₦3.5 million per month in total transaction value.
- Maintain these requirements for 1-2 months consecutively.
- Fill the POS request form and provide valid ID, utility bill, and other KYC documents.
- Opay will verify your documents and previous transaction history.
- If eligible, a free POS machine will be issued within 6-8 weeks.
The POS machine enables you to offer cashless services like transfers, bill payments, airtime top up, merchant payments etc. This attracts more customers and boosts your income.
Ensuring you meet the minimum transaction volume and value each month is key to getting a POS. Focus on promoting Opay services, registering new customers and educating them on cashless transactions for success.
Using the Opay App
Now that you know how to become an agent, let’s look at how to use the Opay consumer app to send money, pay bills etc.
- Wallet – The wallet tab allows you to see your Opay wallet balance. You can also cash in to fund your wallet from bank accounts or cards.
- Send Money – Use this option to transfer money to any phone number or Opay user. Just enter the amount, recipient details and confirm to send.
- Request Money – You can generate a unique link to request for payments from others. Share the link for them to pay directly into your Opay wallet.
- Airtime – To buy airtime, enter the phone number and select amount. Payment is deducted from your wallet.
- Pay Bills – Pay for services like electricity, cable TV, internet data, taxes etc by entering details and confirming payment.
- Transaction History – Review past transactions on your app under history. You can filter by date ranges and transaction types.
- Profile – Update your personal information, change PIN or reset password conveniently from your profile.
- Support – Access the FAQs or contact customer support directly from the app for any issues.
- Refer and Earn – Get rewarded for inviting friends and family to join Opay.
Opay has made payment seamless for millions of Nigerians. By becoming an agent, you too can provide essential financial services, earn commissions and get POS machine to scale your operations. Focus on driving volume and value of transactions to meet the criteria. Follow this guide to get started with Opay agent registration and POS acquisition.