Is OPay Paycom? Understanding the Relationship Between OPay and Paycom Nigeria
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| Is OPay Paycom? Understanding the Relationship Between OPay and Paycom Nigeria |
Many Nigerians who use OPay for mobile transactions have heard the term Paycom and often wonder if they are the same company. The short answer is yes — OPay operates in Nigeria under the registered business name Paycom Nigeria Limited. In this article, we’ll break down what that means, the history of OPay in Nigeria, and why you might see “Paycom” on official documents or payment receipts.
What is OPay?
OPay is a leading Nigerian fintech platform that offers a range of digital financial services, including:
- Mobile money transfers
- Bill payments (electricity, water, internet, TV subscriptions)
- Airtime and data purchases
- Loans and savings
- POS merchant services
Since its launch in Nigeria in 2018, OPay has grown rapidly, becoming one of the most used fintech apps in the country.
You can learn more about OPay's services and download the app from the official OPay website.
Who is Paycom Nigeria Limited?
Paycom Nigeria Limited is the legal name of the company operating OPay in Nigeria. While customers know the brand as “OPay,” the company is registered with the Corporate Affairs Commission (CAC) as Paycom Nigeria Limited.
This means that any official transaction record, CBN license, or regulatory filing will display “Paycom Nigeria Limited” as the entity name.
Why Does OPay Use Paycom as Its Registered Name?
The relationship between OPay and Paycom Nigeria Limited is simple:
- Paycom Nigeria Limited is the licensed mobile money operator under the Central Bank of Nigeria (CBN).
- OPay is the brand name used for marketing, app services, and public communication.
For example, if you check your CBN license record or a bank transaction alert, you might see Paycom listed instead of OPay — they are the same business entity.
Is OPay Licensed in Nigeria?
Yes, Paycom Nigeria Limited (OPay) is fully licensed by the Central Bank of Nigeria as a Mobile Money Operator (MMO). This means they are legally authorized to provide financial services, store customer funds, and process payments in the country.
You can verify this license on the official CBN list of licensed operators.
How This Affects OPay Users
As an OPay user, you might notice Paycom appear in different contexts, such as:
- Bank alerts when transferring funds to your OPay account.
- POS receipts when making payments.
- Legal or contractual documents involving OPay.
There’s no need to worry — it’s just the company’s registered legal name.
Final Thoughts
Yes, OPay is Paycom Nigeria Limited. The brand you interact with daily — OPay — is the consumer-facing identity of a licensed fintech company registered as Paycom.
Understanding this relationship helps you know who’s behind your transactions and reassures you that OPay is fully regulated and recognized in Nigeria’s financial ecosystem.
For more information about OPay and its services, visit the OPay official website or check the Central Bank of Nigeria’s licensed operator list.
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