OPay
OPay is a Nigerian financial technology company providing mobile payments, agent cash-in/cash-out networks and related financial services. It is among Africa’s largest consumer fintechs by disclosed users and a peer to PalmPay in Nigeria’s mobile-money market.1
History
OPay scaled in Nigeria with a dense agent network and consumer app for transfers, bills and merchant payments, later expanding product lines and geographies. Chinese and global investors backed growth as Africa’s digital-payments market accelerated.2
Company
OPay is associated with Opera’s fintech expansion and professional management teams focused on African payments infrastructure and consumer apps.
Model
OPay operates primarily as a payments and agent-banking platform under local licences, closer to mobile money than a UK-style licensed challenger bank. It sits alongside M-Pesa in the African digital-finance map.
Products
Products include wallet transfers, agent cash services, bill pay, merchant acquiring and credit/microfinance products where licensed.
References
- OPay is a major Nigerian mobile payments and fintech platform. https://www.opayweb.com/
- OPay grew through consumer apps and agent networks in Nigeria. https://www.opayweb.com/
Frequently asked questions
- What is OPay?
- OPay is a Nigerian fintech offering mobile payments, agent networks and financial services across Africa.
- Where is OPay headquartered?
- OPay is headquartered in Lagos, Nigeria.
- What type of company is OPay?
- OPay is described as Private in its neobank.wiki profile.
See also
- Airwallex — Airwallex is an Australian-founded business fintech for global accounts, payments and spend management.
- Alex Johnson — Alex Johnson is the founder of Fintech Takes, a widely read fintech newsletter and podcast; he is active on X as @AlexH_Johnson.
- Alexandre Prot — Alexandre Prot is co-founder and CEO of Qonto, the Paris-based European business neobank.
- Ali Niknam — Ali Niknam is founder and CEO of Bunq, the Amsterdam-based licensed Dutch neobank.
- Ally Bank — Ally Bank is a large U.S. online bank offering deposits, loans and investment products without branches.