OPay Nigeria
| Rank | 31 |
| BSM Rating | 52 |
| YoY | +10 |
| Year of Establishment | 2010 (as Paycom); Rebranded to OPay in 2018 |
| Website | www.opayweb.com |
| Headquarters | Alexander House, Otunba Jobi Fele Way, Alausa, Ikeja, Lagos |
| Leadership | Dauda Gotring (MD/CEO, Nigeria); Zhou Yahui (Global CEO) |
| Operations Presence | 50 Million+ Users; ~560,000 active agents (Largest Agency Network in Nigeria); 1 Million+ Merchants. |
| Areas of Interest | Mobile Payments, Agency Banking, Savings (OWealth), and SME Loans (EaseMoni). |
| Countries of Operation | Nigeria (HQ), Egypt, and Pakistan. |
| Financial Performance | Valuation: $2.75 Billion (Unicorn); Declared first monthly profitability in May 2024. |
| Best Known As | Nigeria’s “New Informal Bank” — the dominant mobile money platform that became a household name for reliability during the cash crunches, now rivaling traditional Tier-1 banks in transaction volume. |
OPay Nigeria is one of the most valuable and innovative fintech brands in Nigeria, a status reaffirmed by its rapid market growth, customer-centric digital solutions, and role in driving financial inclusion across the country.
Launched in 2018 by Opera Group, OPay Nigeria operates as a leading mobile payment and fintech platform, providing a wide range of digital financial services, including mobile money transfers, bill payments, airtime top-ups, merchant payments, and wallet services. Its platform has been widely adopted by millions of Nigerians, particularly in underserved and underbanked communities, bridging gaps in traditional financial service delivery.
OPay Nigeria’s ecosystem also includes Oride (ride-hailing), OFood (food delivery), OWealth (investment services), and OPay POS (merchant payment solutions), creating a comprehensive digital economy platform that integrates payments, logistics, and financial services. The company’s commitment to affordability, convenience, and innovation has made it a preferred choice for both individual users and small businesses.
OPay Nigeria has attracted significant investment, including funding from global investors such as Sequoia Capital and SoftBank Vision Fund, positioning it among Nigeria’s most promising fintech ventures. Its rapid expansion across Nigeria and Africa reflects strong market confidence and adoption of digital financial solutions.
OPay Nigeria is a pioneer in financial inclusion initiatives, providing digital wallets and mobile banking services to populations with limited access to traditional banking. It has also supported merchant empowerment programs, enabling small and medium enterprises (SMEs) to digitize their operations, accept cashless payments, and grow their businesses.
The company is committed to corporate social responsibility (CSR), supporting community empowerment programs, financial literacy campaigns, youth development initiatives, and partnerships with government agencies to enhance digital finance adoption in Nigeria. OPay has also been involved in COVID-19 relief efforts, facilitating contactless payments and providing support to local communities.
Through its innovative digital ecosystem, commitment to financial inclusion, and focus on empowering individuals and businesses, OPay Nigeria has established itself not just as a fintech leader but as a catalyst for Nigeria’s digital economy and inclusive growth.
