The deal will see Nigerians receive money transfers from over 50 countries including the United States, United Kingdom and Canada directly into their mobile phones.
In a statement, ‘Kunle Olamuyiwa, Director of Remittance Service at OPay said, “We are very excited about our partnership with WorldRemit. At OPay, our goal is to consistently drive financial inclusion across Nigeria, meeting the demands of the banked and unbanked. With this partnership, we will smoothen the process in which Nigerians receive money from friends and family abroad.”
OPay, which has over 300,000 agent locations spread across Nigeria for deposits and withdrawals also offers its customers an opportunity to save and invest their money in its FlexiFixed service, which offers up to 12% returns per annum.
The service which launches in September 2020, is immediately available to all OPay customers on KYC 2 level and above. New customers can download the Opay app from the Google Playstore or iOS store and upgrade to KYC level 2 to instantly access the service.
“This partnership ensures that customers can continue to make affordable money transfers to their family and friends in the comfort of their homes. Together WorldRemit and OPay are disrupting traditional money transfer methods by delivering services that customers can access 24/7 via smartphones at their convenience. I’m pleased to share that we’ve reduced prices in 48 corridors and passed the savings onto our customers. With communities across the world having to change their lifestyles due to the disruption caused by Covid-19, we’re proud to play our part in making sure our customers can continue to support their family and friends throughout this challenging time,” says Gbenga Okejimi, Country Manager for Nigeria & Ghana at WorldRemit.