10 Apps Similar to Opay – Opay Alternatives

Opay has been one of Nigeria’s fastest-growing businesses. It has amassed over a million customers in the short period it has been existing. Not only do they serve customers, but Opay also allows members of the public to become their agents by granting them POS terminals. Being a leader by a mile in the market, many still feel there are at least 10 apps similar to Opay in the market.

From our end, we see this as an opportunity to research and find more details about this grapevine. Today’s write-up centers on alternative apps similar to Opay. Let’s see the first on our list. However, the list below isn’t based on importance or rank. It is solely our suggestion.

1. Palmpay

The list of the 10 apps similar to Opay isn’t going to be complete without mentioning one of its top competitors, Palmpay. Palmpay is a mobile payment platform that allows for the sending and receiving of funds from one location to another. They have similar features to that Opay in that they possess a USSD code where one can send money without opening the app. Also, they have a system whereby customers get credited cash whenever they refer people to the app.

Palmpay has built itself as a brand for local and international transactions. Just like Opay, Palmpay allows users to send money internationally without hassle. A new feature on the app lets clients convert their airtime to cash immediately.

2. Moniepoint

Moniepoint is a very good mobile app. It is a very smart app that performs the basic role of an ATM terminal. It allows for the sending and receiving of funds. Also, it is an app that is secured just like Opay.

In terms of security, Opay and Moniepoint are similar because they have their organization comply with the documentation of the Payment Card Industry Data Security Standard (PCI DSS). Also, funds cannot be swindled in both apps. Even though you keep your money there for a couple of years they wouldn’t be swindled. This is because of the NDIC regulations.

3. Cowrywise

When talking about Cowrywise I don’t see any Fintech company that beats it in terms of savings and investment. Savings and investment are one of the major reasons why many choose to bank with a Fintech organization.
Just like other Fintech organizations in the 10 apps similar to Opay, this organization has some expertise in reserve funds and ventures. In 2017, Razaq Ahmed and Edward Popoola established Cowrywise. Cowrywise lets users save money and put it into mutual funds, stocks, and bonds, among other asset classes.

4. Carbon

Carbon gives people access to credit, easy payment options, high-yield investment opportunities, and simple tools for managing their finances. The headquarters of Carbon is in Lagos, Nigeria. Talking about the 10 apps similar to Opay, Carbon also is a multinational corporation with more than 90 employees and locations in Nigeria and Ghana.

Carbon was previously known as Paylater, it is a Nigerian digital credit organization that was established by Chijioke Dozie and Ngozi Dozie in the year 2016.

You can get a loan from this company. They offer up to millions of naira to finance your business and offer other financial services to people within Nigeria and beyond.

5. Kuda Bank

A fintech company with locations in Nigeria and the United Kingdom is Kuda, also known as Kuda Technologies. It was established by Babs Ogundeyi and Smelly Mustapha in 2019.
Kuda’s worth is estimated to be $500 million and has raised more than $90 million for entrepreneurs. Kuda is yet another Nigerian fintech company on the top 10 apps that are similar to Opay.
It offers free financial administration, including account opening, transactional transfers, and bill payments using a mobile device.

6. Branch

Another well-known fintech company in Nigeria is Branch. Founded in 2015 by Matt Flannery and Daniel Jung, this digital lending platform initially focuses on lending loans to individuals before expanding into other services.

Just like other 10 apps similar to Opay, it offers individuals and businesses in emerging markets loans and other financial services. Also, the goal of the branch is to help people grow financially and address their financial issues. They accomplish this by developing workplace-driven, inclusive financial services that have a positive impact on employees’ lives.

7. Paystack

Paystack is a Nigerian web-based platform and Fintech organization owned and controlled by partners who are Shola Akinlade and Ezra Olubi in 2015.
The Paystack fintech company lets businesses accept payments through mobile money, bank transfers, debit and credit cards, and even USSD. Although, you come across them when paying only for items online.

It is currently one of the top ten apps that are similar to Opay. It has been doing well in the country and is growing a lot.

8. M- Pesa

Have you imagined sending money to a foreign country without hefty charges? The charges of the app allow people to send money to their friends abroad with low fees. Just like Opay, M – Pesa allows people to send money to friends within the country.

M- Pesa is a mobile-based platform launched in 2007 by smartphone giant, Vodafone. It is fast rising mobile device that has since broken into the market of countries like Ghana, Kenya, South Africa, and Mozambique. It is one of the top 10 apps similar to Opay in terms of issuing ATM cards to customers within the country.

9. Flutterwave

The next on our list of the 10 apps similar to Opay is Flutterwave. Flutterwave is a fintech company based in Nigeria that serves as a payment platform for continent-wide payment service providers and global merchants.

In 2016, Iyinoluwa Aboyeji and Agboola established Flutterwave. The Fintech organization offers a set-up of payments and monetary services which make organizations accepts payment for services online and offline.

10. Paga

Tayo Oviosu started the Nigerian online mobile payment service Paga in 2009. It lets users use their mobile phones to send and receive money, pay bills, and buy data and airtime.
The organization additionally has POS agents through which individuals can send and get cash all over the 36 states IN Nigeria.


Which app is similar to Palmpay?

Palmpay top competitors include Opay, Kuda, Carbon, etc.
Which app is better than Palmpay?
Vipps is a platform that provides payment for bills payment. Also, OY! OY! is a platform that allows a company that develops a joint payment platform. Additionally, Telepass is a company that manages electronic toll payments.

Which bank owns Opay?

Opay is owned by Opera. Opera is a Norwegian web-based company that allows clients to surf their apps for information.

What is the full name of Opay?

Opay Digital Services Ltd. It is operating as a web money platform for clients. It does nearly the same function as banks.
Who is the CEO of Opay Nigeria?
Opay has 7 executive heads. The current CEO is Olu Akanmu.


The top 10 apps similar to Opay have just been enumerated. Although, if you’re an Opay user you may not see any alternative as better. This is true because Opay thrives as much as possible to lead the market of Fintechs in Nigeria. Moreover, other organizations listed above may perform other duties that Opay does not. For example, in terms of cashback, Opay does not necessarily give referral cashback to new customers. This may pose to be a demerit for the organization if you are a fan of cashback.

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