OPay review

The monthly fee is NGN 0 for the account OPay issues, which is aimed at business users. No monthly charge is listed for the card, so the cost side of this account is a debit card with nothing to pay each month.

Yes. OPay is licensed by the Central Bank of Nigeria (CBN) in Nigeria, which is the only regulator named for the brand. That matters because the card is a debit card, so the issuer behind the account is a regulated bank rather than a crypto business.

Not on the evidence here. OPay lists a debit card and a business audience, with a monthly fee of NGN 0. Nothing in the account points to buying, holding or trading crypto, so it sits closer to an everyday spending card than to a crypto card.

The stated audience is business, so OPay is aimed at people running a business rather than private individuals. The card is a debit card, which fits paying suppliers and staff from an account balance. Personal savers or students would find a different fit elsewhere.

Every brand in this comparison lists the same monthly charge, with OPay at NGN 0, Wise at £0, Monzo Flex at £0 and Bitpanda at €0. The monthly fee does not separate them, so the decision rests on audience and where the money sits.

OPay issues a debit card. A debit card spends the balance already in the account, so purchases are limited to the money held there. That is a different arrangement from a card tied to crypto holdings or to a spending limit set by an exchange.

OPay is licensed by the Central Bank of Nigeria (CBN) in Nigeria and the account is priced in naira, so the account is built for a single market. Users who hold or spend in several currencies would be better served by a multi-currency account such as Wise, which lists £0 as its monthly fee.