Finance

Opay VS M-pesa: Which is Better?

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Are you curious to know between Opay vs. M-pesa: Which is better? Then, let’s help you solve the riddle in this guide.

As both Opay and M-pesa are popular types of digital marketing, many people are torn about which one to choose.

So, they decided to carefully consider the pros and cons of the two digital marketing apps to choose a better one.

In this write-up, we will guide you through “Opay vs M-pesa: Which is Better?”.

What is Opay?

OPay company was established by Opera Norway AS Group in 2018 in San Francisco, California

The company has branches in emerging markets across Asia, Africa, and Latin America.

They included their business countries like Mexico, Nigeria, Egypt, and Pakistan.

OPay is a mobile-based platform for transactions which include payments, transfers, loans, and other services for every user.

Presently, OPay has more than 30 million documented app users and 500,000 agents in Nigeria.

These agents rely on OPay’s services to send and receive money, pay bills, buy airtime, etc.

The mobile payment service provider provides a broad range of financial services.

This includes money transfers, bill payments, mobile top-ups, and more.

The company has fast gained popularity in Nigeria since its appearance in the country.

What is M-pesa?

M-PESA is a mobile phone-based money transfer service established in 2007 by Vodafone and Safaricom, the biggest mobile network operator in Kenya.

The company is a branchless banking service where customers can withdraw and deposit money from a network of agents.

These agents include retail outlets and airtime resellers who act as banking agents and respond to customer inquiries

The company has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, and South Africa.

The rollouts in India, Romania, and Albania were ended due to low market uptake.

M-PESA allows users to deposit, withdraw, transfer money, pay for goods and services online, and even access credit services.

M-PESA grew very fast and, by 2010, had become the most successful mobile phone-based financial service in the developing world.

Opay VS M-pesa: Which is Better?

As both Opay and M-pesa are popular banking apps in Nigeria with a lot of positive user reviews, people have headaches about which banking app to use.

However, no matter how much these banking apps have in common, some differences differentiate them.

Functions

Opay and M-pesa are both online banking systems that offer many similar features.

There are, however, other features that differentiate them from each other, from easy loaning systems to airtime purchases.

This post gives insight into the similarities and differences between the two online banking system apps.

Deciding which mobile payment platform is better for you depends on your exact requirements and geographical location.

If you are someone who lives in Nigeria, it is more suitable to make use of Opay because of its localized focus.

M-Pesa, however, is a good choice for people in Kenya and other supported countries.

You need to consider aspects that include service availability, transaction speed, user experience, and integration with online banks when making your decision.

Differences Between The Features And Functions Of Opay and M-pesa

Service Availability

Another thing future Opay and M-pesa users have to consider is the service availability around your area.

While Opay may focus mainly on Nigeria and have a lot of agents in the country.

M-pesa, on the other hand, has a wider network coverage and is available in different countries, including Tanzania and Mozambique.

Network Reliability

Opay is in the process of expanding its agent network and achieving reliable service coverage in every area.

While M-Pesa, on the other hand, already has an extensive agent network and infrastructure, which ensures a reliable service even in remote areas.

User Experience

Opay is a user-friendly interface that makes it easy for users to navigate and perform their day-to-day transactions efficiently on their mobile phones

However, the interface is complex and requires patience and intelligence to successfully operate it.

Although you become more proficient as you continue to use it, it is confusing for many users to operate the Opay bank account when they first open it.

M-pesa, on the other hand, has a simple USSD menu system that ensures easy accessibility for the app’s users.

The app was created with easy-to-read texts and large buttons for the amazing features available on the app.

Security and Reliability

Both Opay and M-Pesa prioritize the security of their users’ financial information.

This is why they make use of encryption techniques and authentication protocols to safeguard users’ transactions and personal data.

Transaction Speed

From user reviews, it is known that both Opay and M-pesa give their users quick transaction processing and allow users to receive or send their money fast.

There isn’t a lot of difference in terms of their speed; however, the opay transaction feature provides an edge in terms of speed.

Integration with Banks

Open is affiliated with the guaranty trust Bank in Nigeria so that users can link their open account to the bank account.

M-Pesa has also established partnerships with various banks. This enables their users to link their accounts for easy transfers.

Final Verdict on Opay Vs M-pesa: Which is Better?

“Opay vs M-pesa: which is better?” is a question a lot of people who want to use either of these two banks ask.

Although there are many similarities between these two Internet banking apps, there are indeed all the different features in the two banks.

It is more convenient for people in Kenya to use M-pesa, while people in Nigeria should make use of Opay since both apps have more agents in the mentioned countries.