First of all, you should know that OPay is not currently operating in the United State. So, offering a dollar account is not directly possible via the platform. OPay is a mobile money operator and digital bank in Nigeria. While it does not offer a dedicated dollar account, it enables users to receive dollars through its partnership with WorldRemit. This collaboration allows Nigerians to receive international money transfers directly into their OPay wallets.
How to Receive Dollars via OPay
To receive dollars using OPay, follow these steps:
- If you don't have the OPay app, you can download the App for Android on Google Playstore and iPhone on iOS appstore. You can also follow the steps highlighted in this article to download the OPay App.
- After successful download and installation, register and complete the KYC (Know Your Customer) verification process to unlock full functionalities. According to OPay, user must atleast complete their KYC level to 2 to be able to carryout international transaction through WorldRemit.
- However, if you're already an OPay user, you can just ignore the first and second steps and sign-in to your OPay account and proceed to the next steps.
- Next, use WorldRemit to receive the funds. Just tell your sender to send the fund through WorldRemit. With partnership between WorldRemit and OPAY, you can receive money from over 50 countries, including the United States, Canada, and the UK, directly to your OPay wallet.
OPay Dollar Rate in Nigeria
The dollars received through WorldRemit to your OPay Account will be converted to Naira at the prevailing exchange rate on the WorldRemit platform. This rate may fluctuate based on market conditions, and you should check the current OPay dollar exchange rate before telling your sender to initiate the transactions.
OPay Dollar Account Requirements
To receive dollars in your OPay account, you need;
- A registered OPay account with completed KYC verification.
- Your sender to send the fund via WorldRemit IMT service using your dedicated OPay Account Number.
- Funds usually takes three business days before it reflects on your OPay Account.
Can OPay Convert Dollars to Naira?
No, OPay cannot directly convert dollars to naira. However, when dollars are received through IMT into your OPay wallet, they are automatically converted to Naira before being credited to your account.
Can OPay Receive Dollars from Other Countries?
Yes, OPay can receive dollars from abroad, thanks to its partnership with WorldRemit. This service allows for seamless international transfers directly from over 50 countries, including the United States, Canada, Australia, Pakistan, Mexico, Soudi Arabia, Kenya, South Africa, Ghana, Tanzania, Uganda, United Kingdom, Egypt Europe e.t.c into your OPay wallets.
Can PalmPay Receive Dollars?
No, PalmPay does not have the same capabilities as OPay for receiving dollars. Users looking to receive international payments in dollars should utilize the partnership between OPay and WorldRemit for this purpose.
Conclusion
In summary, while OPay does not provide a dedicated dollar account, its partnership with WorldRemit facilitates the receipt of dollars into OPay wallets. Users can easily receive funds from abroad, which are converted to Naira upon receipt. This service enhances financial inclusion in Nigeria, making it easier for individuals to access international funds.
