“You want to send money abroad, but OPay doesn’t seem to have a clear path for international payments. So what now?”
A lot of Nigerians today are wondering about this very issue. Many people often wonder if OPay supports SWIFT codes. You may have found that many online explanations are not very clear or contain banking terminology you find confusing. I will explain everything about it in this article.
We are going to show you why the OPay SWIFT code is needed, how it helps, and exactly how you can easily use it to make transfers across the globe. We’ll also address what gets in the way in practice, how to overcome these challenges, and what you can do to stay on top.
What Is The Meaning Of A Swift Code?
Worldwide, financial institutions and banks are recognized by their SWIFT code, often known as a BIC (Bank Identifier Code). It is essential to the safe handling of money transfers both domestically and abroad by banks. It may be thought of as a bank version of the postal code. An 8- or 11-character SWIFT code includes the bank’s code, the country code, the location number, and occasionally a branch number.
Example:
GTBINGLA—The GTBank SWIFT code is GTBINGLA.
The format is GTBI (bank code) + NG (country code) + LA (location code).
People are searching for: Transfer Code for Moniepoint: How to Easily Send Money
Does Opay Have A Swift Code?
Simply put, OPay does not use a traditional SWIFT code.
Opay is mostly a mobile money and fintech platform. It is not the same as GTBank, Zenith, or UBA because it is not fully licensed as a commercial bank. For this reason, the bank does not offer a dedicated SWIFT code for making international payments.
But you still have options for conducting transactions with people in another country using OPay.
So, How Can You Use Opay Swift Code For International Payments?
Even though OPay does not have its own SWIFT code, you can still use the platform for international payments in certain ways. We’re going to spend time here to explain how to make this effective.
Using OPay to Make Payments Across Countries
1. Use partner banks that have SWIFT codes.
Because OPay does not have a SWIFT code, you will need to use a different bank that does. Linking OPay with GTBank, Zenith Bank, or Access Bank is an option for OPay users. This is how it happens.
– Attach your OPay wallet to any of these banks.
– Use the SWIFT code to accept money from people abroad into the account.
– Move your money from your bank account to your OPay wallet.
Using this system is helpful for getting and accepting funds. Opay does not allow direct transfers via SWIFT, but this approach is practical.
Example:
The cousin of yours living in the UK wants to send some money to you. Tell them the details of your GTBank account and the SWIFT code. If the cash is deposited to GTBank, you have it sent to your OPay wallet to make spending and bill payments easier.
2. Use Opay’s International Payment Partners
Opay is now connected to WorldRemit, Sendwave, and Remitly for making remittance payments to Nigeria. Though no “Opay SWIFT code” exists, these platforms give people abroad the option to get their funds in Opay.
How can you do it?
– The person making the payment sets OPay as the payment location.
– The sender types in your OPay wallet ID.
– The funds you receive in dollars are automatically changed and deposited into your OPay wallet in naira.
A SWIFT code isn’t necessary, but you can still transfer money to your OPay wallet from abroad.
3. Using a Virtual Dollar Card
Users of OPay can get a virtual dollar card in the app. The card can help you to:
– Cover the costs of subscriptions (like for Netflix, Amazon, and others).
– Buy things from businesses based outside your country.
– Pay for everything in USD.
While you can’t use a SWIFT code directly with this feature, it makes it possible to do international shopping or send payments. Both the top-up and withdrawals are handled in your OPay account, and the card uses a U.S. routing system to make payments.
4. Sending Money Abroad from Nigeria
Here comes the important part that can be tricky.
Because of CBN regulations and OPay not being a bank, you cannot send money abroad through this service. It’s not possible to enter a SWIFT code and make a money transfer from OPay to another country.
In what ways can you do it?
– Move the funds from your OPay wallet to your usual bank account.
– Go to the bank’s website or visit a branch to send the money overseas.
– Insert the SWIFT bank code of the recipient and send the funds.
Instead, you can use an international fintech service like Wise or Payoneer, fund it using your OPay virtual card, and send money from that platform.
See also: How To Open A Paypal Account In Nigeria (2025 Guide)
Real-World Use Cases for the OPay Swift Code
1. People Working as Freelancers
You use freelancing platforms like Upwork or Fiverr and need fast and simple ways to convert your earnings into naira. If your bank takes days to process your pay, first push your earnings into a GTBank account with their SWIFT code and then transfer the money into OPay for immediate access.
2. Students Abroad Sending Money Home
Your brother or sister is a student in Canada. They send you money from their WorldRemit account right into your OPay wallet. No need to use a SWIFT code, and bank transfers are processed in only moments.
3. Online Shoppers
You prefer to purchase a Coursera course or a WordPress plugin. Make your purchases with the OPay virtual dollar card. Pay with money from your online wallet without any trouble with foreign banks.
Conclusion
A lot of ground has been covered. A SWIFT code is not available on OPay for international money transfers, but there are still other options available. Using partner banks, international remittance companies, and the virtual dollar card on the OPay app, you can easily do cross-border payments.
The main focus is on having the right strategy. Make your financial choices based on what OPay supports and does not support. As the fintech industry in Nigeria develops, platforms like OPay might eventually use SWIFT. For now, you have what you need to make smart decisions with your finances.
Just remember: it’s not about whether you can use an OPay SWIFT code. Now that you understand the problem, you’ll be able to get around it.
