Is Opay and Okash the Same Company?

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People have been asking if Opay and Okash are the same company or there’s difference between them? In this post we’ll answer this question in detail.

We’ll delve into the differences between Okash and OPay, shedding light on their offerings, company background, and user experience.


OPay, operated by Paycom Nigeria Limited, is a comprehensive mobile money platform that has gained prominence for its array of financial services.

These services include payment processing, fund transfers, investments, and loans. Users can conduct a variety of financial transactions through the OPay app, making it a versatile solution for their money-related needs.


On the other hand, Okash is not a standalone platform but a loan product. This loan service is offered by Blueridge Microfinance Bank and can be accessed through the OPay app.

While Okash provides a solution for those seeking quick loans, it’s important to note that the interest rates and fees associated with Okash loans have attracted criticism in the past.

The interest rates can be as high as 20% per month, and additional fees of up to 4% of the loan amount may apply.

Okash and OPay: are they the Same?

Okash and OPay are 2 different companies, each providing unique financial services to users.

While OPay is a comprehensive mobile money platform that covers a wide range of financial activities, Okash is a specific loan product offered by Blueridge Microfinance Bank, accessible through the OPay app.

Recent Developments

In 2020, OPay made a significant decision regarding the Okash loan feature.

Due to user concerns over the high interest rates and fees imposed by Okash, OPay chose to remove the Okash loan feature from its app.

This decision reflected the company’s responsiveness to user feedback and its commitment to providing a transparent and user-friendly experience.

Comparing Key Features

To summarize the differences between Okash and OPay, consider the following table:

Feature OPay Okash
Company Paycom Nigeria Limited Blueridge Microfinance Bank
Services offered Payments, transfers, loans, investment Loans
Interest rates Varies Up to 20% per month
Fees Varies Up to 4% of the loan amount
Availability Nigeria Nigeria

Making the Right Choice

Choosing between Okash and OPay depends on your financial needs and preferences. If you require a comprehensive mobile money platform that offers a wide range of financial services, OPay is a suitable option.

On the other hand, if you’re specifically seeking a loan and are comfortable with the associated interest rates and fees, you can explore the Okash loan product through the Blueridge Microfinance Bank.


While Okash and OPay may seem similar due to their association within the same app, they are distinct entities offering different financial services.

OPay stands as a versatile mobile money platform catering to various financial needs, while Okash focuses on providing loans with specific terms and conditions.

By understanding these differences, users can make informed decisions that align with their financial goals and preferences.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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