Opay Vs. Moniepoint: Which is Better?
If you are looking for the right answer to your question, “Opay vs. Moniepoint: Which is Better?”
Here is your go-to guide for the right answer.
As technology has now been incorporated into our everyday lifestyle, internet banking is now something very common for everybody.
Therefore everybody wishes to use an app that is better than others for easy and smooth transactions.
Hence, in this guide, we will discuss “Opay vs. Moniepoint: Which is Better?”.
What is Opay?
Opay is an online banking company established in 2018 in Ikeja, Lagos, Nigeria.
The company is owned by Opera Software and has additional offices in Beijing and Gothenburg.
The services offered are available through an app that can be downloaded on your mobile phones for Android and iOS users.
The Opay app provides a range of digital payment services, which include bill payment, mobile airtime top-up, and fund transfers.
The Opay online account can also be linked to your registered bank account.
What is Moniepoint?
Moniepoint is a digital online banking system that was launched in 2015 in Lagos, Nigeria.
As of today, this is not one of the most used online banking systems in Nigeria.
Moniepoint is a banking company that provides digital banking systems to business people.
This company provides fast and simple digital payments and solutions to individuals and businesses.
The services are easy to use and available through POS or an app that can be downloaded on your mobile phone for Android and iOS users.
The banking services that Moniepoint offers include airtime top-ups, money transfers, and payments of bills, among many others.
Opay Vs. Moniepoint: Which is Better?
In this section, we will discuss the features and functionalities of both fintech banks.
Features and Functions of Opay Vs. Moniepoint
Although Opay and Moniepoint are somehow similar in terms of their features and functions, there are, however, some things that differentiate them from each other.
These differences can be in terms of speed, accuracy, and other features.
Therefore people searching for “Opay vs. Moniepoint: Which is Better?” could make their choices based on these differences.
For example, Moniepoint only permits its users to transfer money to their bank account, while Opay users can make their transfers to bank accounts or mobile wallets.
Also, Moniepoint is a simple and easy-to-read interface, while Opay’s is a little bit complex and needs more thinking to use.
Availability Comparison of Opay Vs. Moniepoint: Which is Better?
This point is one of the things to look up when searching for “Opay vs. Moniepoint: Which is Better?”
Both Opay and Moniepoint were established in Nigeria and had many agents across the country.
However, Opay has a wider network and is available in many other African countries, including Egypt and South Africa.
Therefore, if you live in any other African country except Nigeria, you should make use of Opay as it is a better option for cross-border transactions.
Customer Support Comparison of Opay vs. Moniepoint: Which is Better?
Although both Moniepoint and Opay have customer support, some features differentiate from each other.
Moniepoint provides customer support through emails and phone calls only, while Opay provides its customer support through live chat emails and phone calls.
However, both companies provide timely responses to their customer’s inquiries and have 24-hour customer support.
This point is also one of the important things to look at when searching for “Opay vs. Moniepoint: Which is Better?”
User Experience of Opay vs. Moniepoint: Which is Better?
Moniepoint uses a straightforward interface design for easier navigation of users.
Opay, on the other hand, has a modern design that can be a little complex.
However, both banking apps provide a user-friendly interface for their customers to employ their services.
Opay also provides a dark mode feature for customers who prefer dark mode over light mode.
This is one of the key points that many people know between “Opay vs. Moniepoint: Which is Better?”.
Security Comparison of Opay vs. Moniepoint
Although both money points and oppa are put in place security measures to safeguard the information and transaction of their uses, there are differences between them.
The Opay app makes use of SSL encryption to safeguard all information and data transmitted through the app.
While Moniepoint uses two-factor authentication for more security.
Nonetheless, you can feel secure with all the information you share on both banking apps.
Advantages and Disadvantages of the Two Apps
Opay
Advantages include:
- Availability in numerous African countries
- A broad range of services
- User-friendly interface
- Dark mode feature
Disadvantages include:
- Relatively high costs for transfers to mobile wallets
- Unavailability of a cashout feature
Moniepoint
Advantages include:
- Low flat cost for transfers to bank accounts
- Cashout feature
- Straightforward design
Disadvantages include:
- Unavailability of a ride feature
- Limited customer support channels
Final Thoughts on Opay Vs. Moniepoint: Which is Better?
A lot of debate seems to be going on on the topic “Opay vs. Moniepoint: Which is Better?” on the internet if you search the question.
This is in a bid to provide the most suitable app for you to use based on your conditions.
Although both apps are online banking systems, there are some similarities, differences, disadvantages, and advantages that tell them apart from each other.
In this write-up, we have composed an easy-to-read article for you that provide an accurate answer to the puzzle “Opay vs. Moniepoint: Which is Better?”
We hope you have found it helpful.
Don’t forget to check back for a more exciting read.
Frequently Asked Questions on Opay Vs. Moniepoint: Which is Better?
Does Opay use ATM cards?
Yes, Opay users can use their Opay card to withdraw cash from ATMs.
Is OPay a prepaid bank?
No, OPay is not a bank but a mobile payment platform that delivers various monetary services, including money transfers, bill payments, and mobile airtime recharge.
Is Opay a wallet?
Yes, Opay is a digital wallet that lets users store funds and make transactions using their mobile phones.
Does OPay make a cardless withdrawal?
Yes, OPay provides a cardless withdrawal service that permits users to withdraw cash from ATMs without using their ATM card.
Users can generate a one-time code on their Opay app and use it to withdraw cash at selected ATMs.
How much is Moniepoint POS now?
The price of a Moniepoint POS device differs depending on the type of device and the payment plan chosen.
Interested users can contact Moniepoint for more knowledge on pricing and device choices.
How much can I earn from Opay POS?
The amount of money a person can make from operating an Opay POS device depends on different factors, such as the transaction volume, the commission rates given by the service provider, and the business model.
Does OPay require OTP?
Yes, OPay needs users to input a one-time password, and OTP to confirm specific transactions, such as money transfers and bill payments, for safety purposes.
