Opay vs Moniepoint: Which Is Better?

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If you’re looking to choose between opay vs moniepoint e-wallet service and don’t know which one to choose, then you might be feeling overwhelmed by the choices available. But two of the most popular e-wallet services in the African market are OPay and MoniePoint.

OPay is a mobile payment platform that offers users a range of services like bill payments, online shopping payments, recharge card top-ups, and more. It also provides fund transfers between different e-wallets as well as local bank transfers.

MoniePoint, on the other hand, is an online payment platform designed to facilitate online transactions safely and securely. It offers similar services to OPay but with lower fees, and it also supports cryptocurrency trading. It also provides a multi-currency wallet which allows users to store money in multiple currencies at the same time.

So whether you’re looking for low fees or want to take advantage of cryptocurrency trading, both OPay and MoniePoint have something to offer you. But which one should you choose? Read on to find out more!

Opay and Moniepoint Rewards and Promotions Comparison

When it comes to rewards and promotions, both Opay and Moniepoint have taken an interesting approach. On one hand, Opay offers a wide range of loyalty programs that can help you save money on purchases and earn exclusive rewards points. On the other hand, Moniepoint has a more varied selection of promotional activities that include discounts and special offers.

Let’s take a closer look at what each platform has to offer:

Opay Loyalty Program

  • Cashback rewards for every purchase made through the app
  • Points earned for certain activities, such as referring friends to join the platform
  • Special discounts for members who stay active in the community
  • Exclusive access to limited-time deals and promotions

Moniepoint Promotions

  • Discounts on select items and services when using their digital wallet
  • Limited time offers, including free gifts with purchase and bonus points for meeting certain thresholds
  • Referral rewards that allow you to earn bonus points when sign up friends or family members
  • Access to exclusive VIP events when available
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Transferring Money in and Out of Opay and Moniepoint

When it comes to transferring money in and out of your accounts, Opay and Moniepoint can both do the job. Depending on the situation, one of them might be more suitable than the other.


When transferring money to your Opay wallet, you’ll need to top up your credit using an approved payment method like a debit or credit card. This is a great option as it’s fast and easy—but there’s a transaction fee of 2% that gets applied for international payments.

When it comes time to withdraw your funds, there are two ways you can go about it. The first is via bank transfer, but this will take two business days to process. Your other option is using an ATM card, which will get your money instantly but is only available for certain countries. Plus, this method comes with a transaction fee of 1%.


When adding money to your Moniepoint wallet, you don’t need to use any payment methods — instead, you’re giving Moniepoint permission to access your bank account for payments or transfers. You’ll have access to real-time funds within a few seconds if the transfer gets accepted and approved.

To withdraw cash from your Moniepoint account, you can use the dedicated app and link up both your bank account and debit/credit cards. This way you can transfer funds from anywhere in the world without incurring any additional fees or having to wait too long—in most cases, you’ll get the funds within minutes!

Making Payments With Opay vs Moniepoint

Let’s take a look at how easy it is to make payments with Opay and Moniepoint. Both services have their strengths and weaknesses, so it’s important to figure out which one works best for you.

Making payments with Opay

When it comes to making payments with Opay, you have a few options available. You can use your bank account or link your debit card, use QR code scanning, or even send money directly from your Opay app. Additionally, you can purchase airtime or make utility bill payments right from the app as well.

For something like airtime, all you need to do is open the app, select the “Airtime” icon, choose your network provider and type in the amount. Then, enter your 4-digit PIN and hit “Send.” Easy!

Making payments with Moniepoint

Moniepoint has some of the same features as Opay but also a few additional ones. With Moniepoint’s “Transfer” tab on their mobile app, you can easily transfer money from one account to another using either phone number or account number. Plus, there are no transaction fees for Nigerian Naira transfers (which is awesome!) You can also buy airtime directly from the Moniepoint app which is very convenient if you’re on the go and need to top up quickly. Lastly, if you don’t have enough funds in your account to make a payment for something else like bills or shopping online on Moniepoint’s website, there are loans available for those scenarios too – allowing you take advantage of competitive interest rates!

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Opay vs Moniepoint: Which Is Better?

So, which option should you go for – Opay or Moniepoint? In the end, it will come down to your needs and priorities.

To help you out, here are some of the key differences between the two services:

1. Fees

When choosing a service, one important consideration is the fees associated with it. Opay has a 2% transaction fee, while Moniepoint charges 5%. This is important to keep in mind if you’re making frequent transactions.

2. User Interface

Another factor to consider is user interface. Both companies offer sleek and intuitive user interfaces, but Moniepoint offers more payment features than Opay, such as peer-to-peer payments and online invoicing.

3. Security

Finally, security is always a top priority when choosing any type of service. Both Opay and Moniepoint offer sophisticated security protocols that ensure your information is protected at all times. However, Moniepoint offers an even higher level of security with SSL encryption and two-factor authentication.


In all, no one can say for certain which service is “better” as everyone’s needs are different. In the end, it’s up to you to decide what’s most important for your specific situation.


What fees are associated with using either one?

Opay has no fees associated with any of its services, while Moniepoint charges a 2% transaction fee.

What type of customer service do they offer?

Opay offers 24/7 customer support, while Moniepoint provides email and phone support during business hours.

Do they offer different payment features?

Both Opay and Moniepoint offer the ability to send and receive payments, as well as store funds in an online wallet. However, only Opay allows users to store their funds in local currency or in foreign currencies such as USD or EUR. Also, only Opay contains additional features such as the ability to purchase airtime, data bundles and pay utility bills directly within the app without any fees.

Now that you know the differences between Opay and Moniepoint, you can make an informed decision on which one is better for your needs.

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