OPay vs PhonePe
OPay
opayweb.com
PhonePe
phonepe.comSide by side
| Figure | OPay | PhonePe |
|---|---|---|
| Price from | Free | Free |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | — |
| Plans published | 1 | 2 |
| Spec score · Peer-to-Peer Payment Apps | 8.5 (#5) | 8.3 (#8) |
| Founded | 2018 | 2015 |
| Headquarters | Lagos, Nigeria | PhonePe describes itself as an India-headquartered technology company. |
| Security | OPay says user data is encrypted, systems are scanned daily for security threats, and transactions are encrypted; it also states it is PCI DSS compliant. | PhonePe says transactions require fingerprint or face ID, UPI PIN, and password authentication, and that its security teams monitor transactions in real time for suspicious activity. |
Plans
In their own words
OPay
OPay is a financial services platform for users, agents, and merchants in Nigeria. Its app supports account funding, transfers to Nigerian bank accounts, bill payments, airtime and data top-ups, debit cards, and savings options. OPay says bank transfers and bill payments have no extra charge, subject to transfer limits and other restrictions. Active debit cards have zero maintenance fees and can be used at Nigerian ATMs, POS terminals, and online payment platforms. Savings choices include OWealth, Spend & Save, Fixed Savings, Target Saving, and SafeBox; OPay says OWealth earns daily interest while funds remain accessible. Merchant tools include PCI-compliant REST APIs, hosted Express Checkout, and e-commerce plugins such as WooCommerce. Documented payment flows include cards, bank transfers, USSD, bank accounts, POS, and OPay wallet QR payments. The app is listed as free and supports Android and iOS, with API access for merchants. OPay says it is licensed by Nigeria's Central Bank and insured by the Nigeria Deposit Insurance Corporation.
PhonePe
PhonePe is a payments app for Android and iOS. It lets users send money to a UPI ID, mobile number, or bank account, with instant transfers, tracking, and scheduled transfers. Users can also scan and pay, check balances, pay utility bills, and recharge mobile, DTH, FASTag, Google Play, and Apple Store balances. The app includes insurance, lending, and wealth services, plus bookings for flights, hotels, cabs, metro, bus, and train travel. PhonePe says its international UPI payments work at select merchants in Singapore, the UAE, Nepal, Sri Lanka, Bhutan, and Mauritius. Businesses can accept payments through SmartSpeakers, QR codes, and EDC machines, or use payment links and the PhonePe Payment Gateway. The gateway supports UPI, credit and debit cards, and net banking. Its Standard Plan is free, with zero setup and annual maintenance fees; Enterprise pricing is custom for high-volume businesses. PhonePe was founded in 2015 and is headquartered in Bengaluru, Karnataka, India.