Nigeria
activeNeobank
- HQ
- Lagos
- Fee
- Free core account
OPay
Nigerian super-app: wallet, rides, and a card in one icon.
Rate this app
6.8Mixed
AlternativesOur take
Desk verdict
Score OPay as a money super-app. Do not put it in the same FDIC/FSCS-style column as Kuda without labelling the licence.
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.
OPay lists MMO / PSP (confirm current class) under Central Bank of Nigeria in Nigeria. On safeguarding we currently write: Wallet / MMO rules — not automatically NDIC bank deposits. An AML programme is claimed. There is no IBAN-class local rail on the flags we store. We list 1 live markets on the product. As we score the sticker: monthly Free wallet; FX Card FX when a dollar card is issued; ATM Agent and ATM cash-out fees apply. This desk would open it for: Nigerian consumers who already live in a super-app, not a current account.
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. Desk score 6.8 / 10 (safety 6.4, fees 8.4, features 8.0, app 8.0). Last verified 2026-08-01. Headquartered in Lagos, Nigeria; founded 2018. None of this is advice — it is a file so you can read the entity before the card colour.
Best for: Nigerian consumers who already live in a super-app, not a current account.
Pros
- +Distribution via agents
- +Everyday payments
- +Scale
Cons
- −Not a full commercial bank by default
- −Licence literacy required
- −Dollar-card scarcity
How it actually works
- Custody
- Safeguarded or partner-bank
- Local rails
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Review risk
- Fintech reviews can pause inbound while they check a transfer
- Pay surface
- mastercard · physical · virtual · Google Pay
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
FAQ
Is OPay a bank?+–
OPay is not a licensed deposit-taker in the classic sense. Treat the balance as a fintech ledger until you confirm the holder.
How is money protected?+–
Wallet / MMO rules — not automatically NDIC bank deposits
Where is OPay available?+–
We list 1 market desk on the desk. Residency and onboarding rules still sit with OPay.
Card and wallets?+–
mastercard · physical · virtual · Google Pay
Ratings and reviews
No published user reviews yet. The desk score still comes from licence, fees, and the product — not from a empty star average.
Alternatives
Full alternatives page
activeFeaturedNeobankBusiness banking
- HQ
- London
- Fee
- Free personal
activeHalal bankingNeobank
- HQ
- London
- Fee
- Freemium / subscription SKUs — confirm live