Kuda and Opay: which is better?

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Kuda and Opay: which is better?

Since 2012, mobile e-banking has been invoked in Nigeria’s financial sector. Offering customers more easier and reliable means of carrying out their financial transactions.  Kuda and Opay are both mobile payment platforms that are revolutionizing the way Nigerians and other parts of Africa handle their finances.  Both e-banking platform provides a wide range of financial-related services such as Bill payments, airtime top-up, sending and receiving funds, and even much more 

Kuda, in particular, is making waves as the first mobile-only bank in Nigeria. With no physical bank branches, Kuda offers its customers a completely digital experience that allows them to manage their finances from their smartphones. The platform has gained popularity for its quick and easy account setup process and zero charges on transactions.

On the other hand, Opay is a mobile payment platform that offers customers a convenient way to manage all their payments and financial activities in one platform. It also offers a wide range of services which includes: ride-hailing, food delivery, and e-commerce, making it more than just a payment platform.  Opay has become a household name in Nigeria and other African countries because of its low-cost, security, affordable and convenient features it offers its users.

Furthermore, Both Kuda and Opay are payment platforms that are changing the African net banking sphere by making financial services more accessible and cost-effective for all people.

Comparison of Kuda and Opay’s services offered

As stated earlier, both Kuda and Opay are digital financial services providers that provide several services to their customers. However, the two payment platform don’t offer exactly the same service and in this section, we will look at different services that each of them offer.

The Kuda payment platform offers the following services: 

  • Savings account: with Kuda customers can open a savings account that can receive any amount of money.
  • Debit card: Kuda provides a debit card for customers to use for transactions.
  • Loans: most users don’t know that you can obtain a loan from the Kuda app. Customers can access low-interest loans through Kuda app, however, terms and conditions apply.
  • Bill payments: Kuda allows customers to pay bills such as electricity and purchase internet data through the Opay app.
  • Airtime recharge: Customers can also recharge their mobile phones using the Kuda app.

Opay payment platform offers the following services

  • Mobile wallet: users can only create a mobile wallet to store their money on the Opay platform.
  • Airtime recharge: Just like Kuda, Opay allows customers to purchase airtime.
  • Bills payment: Opay can also be used to pay bills such as electricity,cable TV, and Internet bills.
  •  Money transfers: Customers can transfer money to other Opay users and bank accounts.
  • Ride-hailing: Opay has a ride-hailing service called Oride that allows customers to book rides.

From the list of service, we see that both Kuda and Opay offers service such as airtime top-up and bill payments, but however Kuda places more value on savings, loans and debit card issuance while Opay has mobile wallet, ride-hailing service and issuance of debit card.

Pricing and fees for Kuda and Opay

It is important to note that this payment platforms charges a minimal fee from any transactions carried out on the platform.  Below are the breakdown of service fee associated with each payment platform.

For Kuda, basic banking services such as account opening and maintenance are free. ATM withdrawals are also free for the first two withdrawals in a month, after which a fee of ₦65 is charged per month. Transfers to other banks and mobile wallets are charged ₦10 per transaction. Other services such as airtime top-up, bill payments, and card replacement attract some fees.

For Opay, the platform charges a varying fee for each transaction depending on the type of transaction and the amount involved. For instance, transferring funds to another Opay user is free, but transferring to other banks attract a fee of ₦10 per transaction after three free transfer per day. Paying utility bills, buying airtime, and other services also attract a fee. However, Opay occasionally offers discounts and cashbacks to its customers.

It is very essential to understand that the cost of transactions might change over time. It is always better to check the latest rates from each of the payment platforms or consult their customer support for a more detailed information.

User experience and ease of use for Kuda and Opay

Users experience is one of the important factor to look at when comparing Kuda and Opay. This is because the platforms are designed to be used by humans, if it is not friendly no one will dare to use it.

User Experience:

Both Kuda and Opay offer a user-friendly mobile app that allows users to perform various tasks, such as opening an account, depositing and withdrawing funds, and making payments. Both apps have a simple and intuitive interface that enables users to navigate easily. However, users have reported some technical issues, such as slow loading times and occasional system errors. 

Ease of Use:

The Kuda and Opay mobile apps are designed to be easy to use. The registration process is straightforward and can be completed within minutes. Transactions are also simple to initiate, and payments can be made using a variety of methods, including QR codes, bank transfers, and mobile money. Both apps also offer features that allow users to perform transactions without the need for an internet connection. 

Security measures and safety features of Kuda and Opay

To properly secure the details of their customers Kuda and Opay have some great security features that they included on their app.  This features is primarily to protect users against any form of fraud or cyber attack from fraudsters.

Security measures of Kuda and Opay include

  • Encryption of data stored in the system
  • Secure communication protocols such as HTTPS
  • Multi-factor authentication for user login
  • Regular security audits and updates to ensure vulnerabilities are identified and resolved quickly
  • Fraud prevention tools such as transaction monitoring and alerting

Kuda and Opay safety features includes: 

  • Limitations on the amount of money that can be withdrawn or transferred per day
  • User-defined transaction alerts and limits 
  • Automatic session timeouts to prevent unauthorized access 
  • Live chat support to report any suspicious activity 
  • Address verification and identity authentication methods to prevent fraud.

Pros and cons of Kuda and Opay

Here are some of the pros and cons of the payment platforms, it will help you to make decision on which of the payment platform to use..

Kuda Pros:

  • No maintenance fees: Kuda does not charge maintenance fees and customers can enjoy their banking without worrying about extra costs.
  • Faster transactions: Kuda offers instant transactions and allows you to send and receive money, make payments, and access your funds quickly.
  • Easy account setup: Kuda accounts can be set up using a mobile phone and an internet connection without visiting a bank.
  • 24/7 customer support: Kuda has a customer service team that is available 24/7 to answer questions and resolve issues.

Opay Pros:

  • Multiple services: Opay offers services such as ride-hailing, food delivery, bill payments, and more.
  • Easy to use: Opay is easy to use and customers can make payments using a mobile phone and an internet connection.
  • Wide coverage: Opay has a wide coverage area in Nigeria and users can access its services from anywhere.

Kuda Cons:

  • Limited services: Kuda only offers banking services and does not have extra services like Opay.
  • Limited coverage: Kuda has a limited coverage area in Nigeria compared to Opay.

Opay Cons:

  • Extra charges: Opay charges a service fee for some of its services, which could be an additional cost for users.
  • Security concerns: There are concerns about Opay’s security protocols, as some users have reported fraudulent activities.

while both Kuda and Opay have their advantages and disadvantages, users should check their options carefully before choosing which service to use.

Conclusion and recommendation for Kuda or Opay

In summary, both Kuda and Opay are digital payment platform that offers users more convenient way of managing their finance. They also offers services such as Airtime purchase, internet data purchase, bills and utility payment, with Opay offering a ride hiring service. Each of the payment platforms have it own pros and cons.

As for Kuda or Opay, based on their features and services, it would be best to choose Kuda if you’re looking for a simple and straightforward digital bank that offers essential banking services, including money transfer, savings, and bill payments. On the other hand, Opay is suitable for those who need more than just banking services, as it also provides mobile airtime and data recharge, ride-hailing service, and food delivery. Overall, we recommended  you to properly to assess your needs and preferences carefully before choosing between Kuda and Opay to ensure you get the most out of your digital banking experience.


In this section, we will be answering some questions regarding to Kuda vs Opay which is better.

Which App is better than Opay and Kuda ?

Well, we can’t definitely say that they are Fintech app better than Opay and Kuda, as each of those app have their own uniqueness and features however chipper cash, palmpay and Ojiraprime can also be used for financial transaction just like Opay and Kuda.

What is the best alternative to Kuda?

Well, it all depends on your specific needs and want. There are several Fintech app that almost does everything that Kuda can do, such app includes Moniepoint, Opay, palmpay etc.

Is Kuda and Opay safe to keep money?

Yes, just like your traditional banking app, Kuda and Opay are very safe to keep money in. However the security of your funds and account/wallet is in your hand. As you most not share your Kuda or Opay banking details to any body.

How much do Kuda and Opay charge for Airtime purchases?

Invariably the two platforms don’t charge you for airtime purchase, they only charge you some percentage for other related services.

How secure is Kuda and Opay ?

The two Digital payment platforms are very much secure. They make use of sophisticated security protocols plus two factor authentication methods.

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