Nigeria
activeNeobank
- HQ
- Lagos
- Fee
- Free core account
OPay
Nigerian super-app: wallet, rides, and a card in one icon.
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6.8Mixed
AlternativesFive questions
At a glance
Is it a bank?
No. OPay is not a licensed bank. Confirm who the money sits with before you send salary there.
If it fails?
Wallet / MMO rules — not automatically NDIC bank deposits
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Free wallet
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
6.8
/10 · Mixed
Score OPay as a money super-app. Do not put it in the same FDIC/FSCS-style column as Kuda without labelling the licence.
What it is
OPay is an Opera-originated Super App that became a Nigerian payments giant. Transfers, bills, and cards sit on an MMO/PSP stack. That is a different recovery story from a deposit-taking bank.
Best for: Nigerian consumers who already live in a super-app, not a current account.
Last checked 2026-08-01. Not advice.
What it does well
- +Distribution via agents
- +Everyday payments
- +Scale
What to watch
- −Not a full commercial bank by default
- −Licence literacy required
- −Dollar-card scarcity
Who holds the money
The account
How money actually moves
- Who holds the cash
- Safeguarded or partner-bank
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Fintech reviews can pause inbound while they check a transfer
- Card
- OPay lists a physical card and a virtual card on mastercard, plus Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Wallet / MMO rules — not automatically NDIC bank deposits
- Central Bank of NigeriaMMO / PSP (confirm current class) · Nigeria
Fees
- Monthly
- Free wallet
- FX markup
- Card FX when a dollar card is issued
- ATM
- Agent and ATM cash-out fees apply
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- –Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- Wallet and agent network
- Bills, airtime, transfers
- Cards
- Ride-hailing adjacency in some cities
Score
- Safety25%
- 6.4
- Fees20%
- 8.4
- Features15%
- 8.0
- App15%
- 8.0
- Global15%
- 3.4
- Support10%
- 6.2
Change log
Full logNo dated notes yet. When the licence, fees, or status moves, it lands here.
Available in
Straight answers
FAQ
01Is OPay a bank?
OPay is filed as MMO / PSP (confirm current class). The named regulator is Central Bank of Nigeria. Still read the entity on the statement before you send money.
02What happens to money in OPay if it fails?
Wallet / MMO rules — not automatically NDIC bank deposits
03What does OPay charge each month?
The monthly fee on this file is Free wallet. Fees change — open the operator's pricing page if it is linked.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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