Disadvantages of OPay

Honestly speaking, OPay app is the most reliable digital banking app in Nigeria. In fact, many people trust the platform more than traditional banks. Speaking about its OPay app disadvantages, I can say OPay mobile banking has no downside.

However, there are some OPay POS disadvantages but not much. The first Opay PoS downside I would talk about is cost of acquisition. OPay POS is relatively one of the most expensive POS machine in Nigeria.

Another thing I can talk about is OPay POS daily target. Although, not all Opay POS machines have a daily target. However, some agents still need to meet up with daily target to keep their POS up running.

Furthermore, OPay have a very strict requirement about Know your customer service. For OPay users to complete his or her KYC, the user might go through a lot of stress. This strict requirement is imposed by CBN to all fintech companies in Nigeria.

Must Read: Everything you need to know about OPay SWIFT Code and Sort Code.

Is my BVN safe with OPay

Yes, it’s generally safe and secure to add your bank verification number (BVN) to OPay. Here’s why; OPay is verified and approved by the Central Bank of Nigeria. The digital bank is also insured by the Nigerian Deposit Insurance Corporation (NDIC). Furthermore, OPay app is tested and proven to keep users' money safe and secure.

OPay requires users to provide their BVN or NIN to complete the registration of account opening process. However, you can unlink your BVN from OPay if you don’t feel safe and concern about your data security and privacy. To do so, login to your account via app and click on your “profile”. Scroll down and click on “BVN” and then edit or remove the BVN. You can do the same to your NIN on the OPay app.