OKPay is a digital wallet application primarily accessible through the Telegram messaging platform, designed to facilitate various financial transactions and services for users within the chat interface. It supports cryptocurrency, fiat transactions, and features like mobile top-ups and staking. ^[1]

Overview

OKPay was launched in 2022 to provide convenient financial services integrated within the Telegram ecosystem. The platform is a digital wallet accessible via a Telegram bot, allowing users to manage funds and perform transactions without leaving the messaging application. It supports a range of cryptocurrencies, including USDT, TON, TRX, and CNY, and offers features like cross-border transfers and crypto-to-fiat conversions.

The service is designed to be user-friendly and efficiently handle daily money transfers and transactions. The platform also maintains official channels and support groups on Telegram for news and user assistance. In September 2024, OKPay announced a comprehensive website upgrade to enhance brand image and user experience. ^[3]

Features

OKPay provides a range of financial services through its Telegram bot interface, which is designed to support individual users and businesses. Users can send and receive funds directly with other Telegram users, making peer-to-peer transactions seamless. The platform also includes digital red envelopes, commonly used for social gifting.

Users can top up mobile phone bills and data plans in select countries, including Cambodia, Myanmar, Thailand, the Philippines, and the UAE. The bot can also check account balances at any time.

In July 2024, OKPay introduced a staking feature called OK Balance Manager, allowing users to invest between 10 and 500,000 USDT. The stated annual interest rate is 8%, with daily earnings credited to the OKPay balance. Funds can be withdrawn anytime, and earnings begin 24 hours after investment.

The platform also supports purchasing and gifting Telegram Premium subscriptions. For cryptocurrency users, OKPay allows on-chain recharges using TRX and USDT, with a minimum deposit of 1 USDT for TRC-20 tokens and confirmation after three network verifications. It also enables on-chain instant asset exchange.

OKPay offers anonymous credit card applications for online shopping and service payments. Businesses can utilize OKPay to manage incoming payments through dedicated business accounts. The platform supports deposits via fiat currency (such as USD) using methods like credit/debit card, bank transfer, and PayPal, and cryptocurrency deposits by transferring to a provided wallet address. OKPay provides 24/7 customer support and supports multiple languages. ^{[4] [5]}

Partnerships

In late 2024, OKPay announced a charity initiative on poverty alleviation across China. The project had a budget of 500,000 to 1,000,000 RMB. The initiative supported children's welfare institutions, impoverished villages, and towns across three provinces in China, assisting over 200 individuals. Assistance included cash, essential supplies, and educational materials for diverse groups such as people with disabilities, left-behind children, low-income families, and elderly individuals living alone. A spokesperson for OKPay stated: ^[5]

"Our charity initiative is about more than just providing material support... It’s about restoring hope, building resilience, and reminding those in need that they are not alone."