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OWealth (How Does OWealth On OPay Work?)
OPay is a one-stop digital wallet that is licensed by the Central Bank of Nigeria to provide a better financial service to its users. The platform allows users to receive funds from other banks, send funds, pay bills, save, purchase airtime, and obtain instant loans. Presently, the app boasts of having over 33 million registered app users and thousands of agents in Nigeria who rely on their services to carry out financial transactions daily.
OWealth is a special feature on the OPay app that enables you to save part or all your OPay funds to get interest paid daily. The platform has become an amazing saving and investment scheme in the Nigerian financial space.
With OWealth, you can get up to 15% annual interest when you invest on the platform and you can also withdraw your funds at any time. If you want to know more about OWealth, then you are in the right post. Let’s dive in…
Overview of OWealth
OWealth is a saving platform embedded in the OPay app that allows investors to earn up to 15% interest on invest on investment per annum. With the platform, you can enjoy the benefit of automated saving and investment plans allowing them to set aside funds and watch their money grow with time.
One of the most interesting features of OWealth is that it is user-friendly which make it easy for users to navigate and manage their saving. With the platform, you can track your investment performance, make another investment, or withdraw from your account.
In addition, OWealth offers a range of investment options to suit user needs and goals such as fixed-income funds, money market funds, and other wealth-building opportunities. Moreover, you can use OWealth just like your regular wallet balance to perform transactions at no extra charge.
How Does OWealth Work
You can earn interest on your savings by depositing funds into your OWealth account. however, the interest gained is calculated based on the amount of money deposited and the duration of your savings. In addition, your interest is paid into your OWealth account every morning. You can invest any amount ranging from N0.01 to N1,000,000,000.
How To Create An Account With Opay
Below are the steps on how to create an account with Opay.
How to Invest Using OWealth
Below are steps on how to invest using OWealth
What is the difference between OWealth and OPay balance?
The key difference between OWealth and OPay balance is that OWealth gives you daily profit while OPay balance does not. However, both can be used to make transfers, bill payments and withdrawals.
Is OWealth Safe?
Yes, OWealth is safe as OPay balance. It has a banking license approved by the Central Bank of Nigeria and operates in a safe and standardized manner.
What is the highest amount Opay can receive?
The maximum amount that can be deposited in an Opay Tier 1 account is N50,000 per day while the tier 3 account is N5,000,000 per day.
Conclusion: OWealth (How Does OWealth On OPay Work?)
OWealth is a special feature embedded in the OPay app that allows investors to earn up to 15% interest on invest on investment per annum. In addition, when you invest in OWealth, you are earning daily and you can also withdraw your funds at any time.
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