About Us

Founded in September 2018, Opay as a Fintech company has a license from CBN and is insured by NDIC, offering the same insurance coverage as other commercial banks.

Our commitment is to enhance financial inclusion through technology and promote shared prosperity.

OPay is a comprehensive financial service platform that offers payment, transfer, savings, loan, and other essential services for users.

We also provide top-notch POS services for agents and acquiring services for merchants.

We provide attractive incentives for transfers, airtime, and data top-ups, as well as innovative products that offer daily interest on balances.

Our reliable debit card comes with no charges and we prioritize providing the best resolution experience.

With an OPay account, you can easily manage your finances, payments, and transactions all on one platform. OPay is your go-to platform for payment services and more.

Currently, OPay has a large user base, with tens of millions of users, agents, and merchants in Nigeria.

  • Founded in September, 2018.
  • Headquarters: Ikeja, Lagos, Nigeria
  • Employees: 1,542 Nationwide

Our Mission

OPay is committed to using technology to make financial services more accessible, and inclusive. We are dedicated to offering secure, easy-to-use, and affordable financial services with a fast user experience.

Our Vision

Our Vision is to be the leading and highly regarded financial technology company that contributes to society. By 2031, we aim to reach 1 billion users and 10 million merchants while generating 1 million jobs.

Our Core Values

  • Customer First: OPay prioritizes its customers above all else. They strive to provide inclusive financial services to all Nigerians, ensuring no one is left behind regardless of their social situation.
  • Commitment to Nigeria: OPay is dedicated to serving the Nigerian community and has no plans to leave the country. They are committed to contributing to the nation’s economic development.
  • Profitability through Customer Satisfaction: OPay believes that by putting customers first, they will naturally achieve profitability. They focus on providing excellent service and building trust with their users.

Our Impact Thus Far

OPay has played a significant role in promoting financial inclusion in Nigeria, particularly in rural areas where traditional banking services are limited. Its user-friendly mobile app has made it easier for people to access financial services, such as money transfers, bill payments, and online shopping.

From Suleiman, a customer “Before it takes my wife and children days to get the money I send to them because they have to travel to the city to access financial services. But with OPay, I can easily pay my bills and transfer money to my family members who live far away and they get it instantly. It has made my life so much easier.”

PUNCH

From another satisfied customer Mrs. Wemimo “I live in a remote area in Ibadan, and it used to be very difficult for me to get around and buy provision due to the lack of cash. But ever since I started using the OPay app, I can easily buy anything online, and do transactions from the comfort of my home.”

PUNCH

OPay is revolutionizing the payment and essential service access landscape in Nigeria with its easy-to-use app and diverse service offerings. It aims to provide financial services to those without bank accounts or with limited access to banking.

The mobile app also facilitates bill payments for utilities like electricity and water, empowering users to manage their finances more effectively.

Additionally, OPay enables users to make POS payments using their debit cards, eliminating the need to carry significant amounts of cash.

Our Services

  • Easy Account Opening
  • Instant Money Transfer
  • Airtime/Data Top-up with Instant Cashback
  • Instant and Free Debit Card
  • Owealth with Amazing Daily Interests
  • Quick Customer Service

OPAY OWNERS

OPay was initially founded by AS Opera Group, a Norwegian company known for its web browser and owned by Chinese billionaire Yahui Zhou. By November 2021, Opera held an 85% share in OPay.


In October 2023, Opera declared its plan to sell its complete ownership in OPay to Kunlun Tech Co., Ltd., a technology company from China situated in Shenzhen.


However, as of now, the deal has not been completed, and Opera Norway AS Group still maintains ownership.

Key Facts

  • Founded in September 2018, with the mission to make financial services more accessible, and inclusive, through technology.
  • In May 2019, Opay Launched a POS agent business to provide accessible financial services across Nigeria.
  • In September 2021, Opay received USD 400 Million in funding from internationally renowned investors.
  • Dec 2021, Opay launched Merchant business to provide customerized service to merchants.
  • In May 2022, Opay started to issue debit cards to provide the best card service most convenient, affordable, reliable, and best resolution to all their customers.
  • In August 2023, Opay was recognized by CNBC as the only FI in the digital payment category.
  • In October 2023, Opay was recognized by the Nigerian Government as the winner in Fintech Category of NITDA’s Digital Nigeria 2023 Awards.

Conclusion

Overall, OPay is a prominent fintech company in Nigeria, offering a convenient and secure platform for financial transactions. Their focus on financial inclusion and social impact makes them a significant player in the country’s economic development.

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