Many people don't know that OPay is available in the pharaoh land. Yes, the Nigerian's popular mobile money app has been actively operating in Egypt since 2018. The Egyptian's central bank licensed the company into their financial economy. Now, OPay operates in Egypt as a mobile money service provider, payment gateways, bill payments app, and business payment solutions.
However, these OPay services are grouped into four (4) different categories:
- The OPay App
- OPay Now
- OPay Checkout
- OPay POS
Unlike Nigeria's OPay that offers all its services into two categories: OPay app and OPay business; OPay Egypt uses these four categories to cater for different users with different purposes.
Services Offer By OPay in Egypt
Here are the services OPay is offering to Egyptians and the differences between the Nigeria's offerings.
1. OPAY App
The OPay App in Egypt is used to facilitates bill payments for gas, water, telecom, internet/data, and mobile airtime balance top up. The same thing is applicable to Nigerians. Bill payments can be sorted out directly from their OPay mobile app.
2. OPAY Now
OPay Now is another category of OPay services in Egypt that allows customers to make payments in instalment for goods and services they purchase. In other words, it's a service that gives customers who can afford to pay in full installment opportunities to plans for purchases.
This service is now available to Nigerian users. However, Loans can be accessed via the Nigeria OPay. The Loan services is now available to Egyptians as well.
3. OPAY Checkout
The OPay Checkout provides digital payment solutions for websites, merchants, businesses, and delivery services in Egypt. This type of service is available in Nigerian's OPay but all, including POS and business account, are manageable via the OPay business app.
4. OPAY POS
OPay Point-of-Sale (POS) is sub-categorized into two main division: the service that enables businesses to collect payments efficiently, and the one that gives agents/merchants access to over 1,000 services, free of charge, with credited balances. All these POS services and more are available to Nigerian merchants as well.
Infact, instead of getting credit to facilitates customers' bill payments like the way it's available to Egyptian merchants, OPay offers business loans to Nigerian merchants so that they can seamless run their POS business as Nigerians are adopting cashless economy.
Is OPAY Legal in Egypt?
Yes, OPay is Legit and offer legitimate financial services in Egypt. The fintech company was originally founded in Nigeria in 2013 and known as Paycom Nigeria Limited before it's rebranded to OPAY in 2018 to focus more on financial inclusion and expansion.
In 2021, OPay extended its operations to Egypt after securing an operating License from the Central Bank of Egypt (CBK) to offer prepaid cards and other financial services. This licensing, first noted in official records from 2022, proofs that OPay's legitimacy and regulatory compliance in the Egyptian market.
OPay Egypt is headquartered at Nile 13 G Ahmed Kamel St., from Lasielky St. Maadi, Cairo, Egypt, 5th floor, with a landmark in front of gate 3 Technology Park. You can also contact OPay Egypt by submitting a form on their official website at www.opayeg.com.
