Business and Finance

How To Become Opay Aggregator and Opay Agent

How To Make Money as an Opay Aggregator and Opay Agent

The P.O.S. business is currently flourishing in Nigeria, and many unemployed graduates are turning to it as a means of making a living. This industry has become stronger, with business owners monopolizing it and establishing branches in strategic locations. It is a highly profitable venture, especially in areas with a high market potential.

The growth of the P.O.S. business has alleviated the burden on traditional banks, as fewer people now need to queue up for deposits or withdrawals. Starting this business requires minimal capital investment. In this article, we will explore how one can become a midpoint aggregator and agent in the P.O.S. industry.

What is Opay?

Opay is a leading digital banking channel that offers a wide range of services accessible through our smartphones. These services include bill payments, airtime top-ups, money transfers, and more. Despite facing competition from various other players in the market, Opay P.O.S. has emerged as the most popular digital banking platform.

Since its establishment, Opay has been a reliable solution for individuals who need to conduct banking activities while on the go, especially for business owners. It has catered to the needs of people who require convenient banking services that align with their busy lifestyles.

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One of Opay’s notable features is its accessibility through P.O.S.-enabled devices. In this article, we will explore the process of becoming an Opay P.O.S. agent and delve into the commission structure and other relevant information for agents.

Who is an Opay Aggregator

Opay Aggregator serves as a facilitator and platform that enables merchants to efficiently accept and receive payments from potential customers through Opay. Acting as an intermediary, the aggregator bridges the gap between the merchant and Opay, providing merchants with access to Opay’s payments system. They streamline the process of collecting and processing deposits from individuals.

Aggregators are well-known for offering a comprehensive range of financial services to merchants. These services include integrating the Opay payment gateway into their online stores, receiving real-time payment notifications, tracking and reporting transactions, as well as providing customer support.

All in all Opay POS Aggregators act as intermediaries between Opay POS agents and Opay company, facilitating the connection and collaboration between the two. These aggregators are responsible for distributing Opay POS machines to Opay POS agents.

How To Become an Opay Aggregator

As I said earlier, Opay aggregators are the ones who connect potential Opay agents to Opay company, However, we would be looking into, the process of becoming an aggregator to Opay.

Go to the Opay website, find the Aggregator section, and click on it.

Ensure you fill out the form correctly, with your business details; which includes the following; contact information, company name, and Business registration details.

The moment your application has been approved, after review, you would be notified, and be granted the privilege to access Opay’s payment infrastructure alongside tools indeed to carry out payment processing for merchants.

Who is an Opay Agent

An Opay agent offers a wide range of payment services, such as money transfers, cash withdrawals, bill payments, airtime top-ups, and more. Opay facilitates various payment channels for deposits, including mobile banking, bank transfers, USSD banking, and card payments. This ensures that both businesses and individuals can easily and conveniently make payments and accept payments using their preferred payment method, You might want to read on How to Open an Account with Opay, How To Use Opay App for Payments, Sending and Receiving Money

How To Become Opay Agent In Nigeria

Firstly, Head to your mobile application store and download the app, to create an account on Opay, you can as well visit their website to create the account also.

Upgrade to KYC 3

Once you have created an account, Go to settings and upgrade your KYC level to 3, This would require you to submit your valid ID, Which consists of either of the following; International passport, voter’s card, or national identification card).

I would also require you to upload your very recent utility bill, either it  is for electricity, water, or rent invoice, then your Bank verification number (BVN) 

For this to be processed, it would take, Opay Team  1 to 2 working days, for a review, and the final decision lies with them on either to approve or decline your KYC, Upon approval, you would receive a notification.

Switch To Merchant

That’s not all. After you have been approved for KYC 3, you would still be required to switch your profile to a merchant. By following the exact steps above, you would be able to switch to a merchant, but this around, instead of utility bills, and ID, you would be required to fill in your business information. The team would still have to take a closer look at your data for them to either approve or decline your request.

After you’ve successfully switched to the merchant, then proceed to “Merchant Apply”, you would be required to download the Opay business app, for you to continue your application.

Download Opay Business App

Once Downloaded, Navigate onto “upgrade”, you would be required to take a selfie, for validation and fill in a form, alongside uploading your transaction history for the past three months, and a snapshot of your business station.

After all this, It would take the Opay team, some time to either approve or decline your request.

Opay agent training and certification program

You might be required to attend the Opay agent training and certification program, This will enlighten you on how to make proper use of Opay’s payment infrastructure and perform financial transactions.

Types Of Opay P.O.S Machine

Opay P.O.S. devices are portable machines that enable merchants, business owners, or vendors to accept payments from their customers. These devices offer various payment methods, with the most common being the use of credit and debit cards. There are three different types of Opay P.O.S. machines, each equipped with unique features and capabilities.

  • Opay Smart POS Machine: This terminal operates on the Android operating system, making it stand out as the superior device among others. Its unique ability and integrated Android features make it highly desirable. The cost of acquiring this machine alone is estimated to be around ₦60,000.
  • Traditional Opay POS Machine: The first type of Opay P.O.S enabled device features a rectangular-shaped display screen and keypads. Similar to the smart P.O.S., it performs a wide range of functions. The estimated cost of acquiring this machine alone is around ₦45,000.
  • Opay Mini POS Machine: This type of device has a striking resemblance to a calculator, but it is used for authenticating transactions made on the smart P.O.S. It operates using Bluetooth and can also be connected to a smartphone. It has a card slot for processing transactions. Unlike other devices, it does not have a built-in printer, but it can be connected to an external printer for printing receipts. The estimated cost of acquiring this machine alone is around ₦8,000.

OPay POS Charges and Commission Structure

These are OPay POS transaction charges:

  • For withdrawals below ₦20,000, OPay charges 0.5% of the transaction amount.
  • For withdrawals above ₦20,000, OPay charges a flat rate of ₦100.
  • For deposits from ₦5000 and below, OPay charges a flat rate of ₦10.
  • For deposit from ₦5,001 to ₦10,000, OPay charges a flat rate of ₦20.
  • For transfers above ₦10,000, OPay charges a flat rate of ₦30.

OPay POS commission structure for Data Top Up

  • MTN = 3% commission
  • Glo = 4% commission
  • 9Mobile = 4.5% commission
  • Airtel = 4% commission

OPay POS commission structure for TV Subscription:

  • DStv = 2% commission
  • GOtv = 2% commission
  • PHCN = 2% commission
  • StarTimes = 2% commission


How long does it take to become an Opay aggregator or agent?

The timeframe to become an Opay aggregator or agent can vary. It usually involves completing the application process, meeting the requirements, and going through any necessary verification and training. The duration can range from a few days to a couple of weeks, depending on the efficiency of the application and onboarding process.

What are the benefits of being an Opay aggregator or agent?

As an Opay aggregator or agent, you gain access to Opay’s payment system and can offer a wide range of financial services to merchants. These services include integrating payment gateways, real-time payment notifications, transaction tracking, reporting, and customer support. It also provides an opportunity to earn commissions on transactions processed through Opay.

What are the requirements to become an Opay agent?

The requirements to become an Opay agent typically include having a valid identification document, a registered business, a physical location for the agent’s office, and a minimum capital investment as specified by Opay.

What kind of marketing support does Opay provide to its aggregators and agents?

Opay may offer marketing support to its aggregators and agents in the form of promotional materials, training on marketing strategies, or even co-marketing initiatives. This can help in attracting merchants to utilize Opay’s payment solutions and drive business growth

Is there any training or support provided for Opay aggregators and agents?

Yes, Opay typically provides training and support to their aggregators and agents. They offer guidance on how to effectively use their systems, manage transactions, handle customer inquiries, and resolve any issues that may arise.


Becoming an Opay aggregator or agent involves reaching out to Opay, meeting the specified requirements, and following their application process. It offers the opportunity to provide valuable financial services to merchants and earn commissions. With proper training and support from Opay, aggregators and agents can effectively utilize Opay’s systems to facilitate seamless payment transactions and enhance customer satisfaction

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