Opay
| Opay Digital Services Limited.png | |
 | |
Native name | Opay Digital Services Limited |
|---|---|
| ISIN | 🆔 |
| Industry | Banking, mobile banking |
| Founded 📆 | 2018 |
| Founders 👔 | Zhou Yahui |
| Headquarters 🏙️ | , , |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Opay (trade name: Opay Digital Services Limited) is a fintech company founded by Zhou Yahui in 2018. It serves the banking and finance sector, and has dominated Africa with headquarters in Lagos, Nigeria. The mobile company operates in Nigeria, Egypt, and Pakistan.[1][2][3]
History[edit]
Opay was formerly known in Nigeria as Paycom Nigeria limited. It was established in Nigeria in 2018, and licensed by the Central Bank of Nigeria.[4][5] It was insured by the Nigeria Deposit Insurance Corporation.[6] In May 2019, Opay launched its Point of sale service, which was mostly dominant in Nigeria during the naira cash strike.[7][8] In November 2021,[9] Olu Akanmu, Formal FCMB director, was appointed as the co-CEO of Opay Nigeria and later resign on the 31 of July 2023.[10] In May 2022, Opay Nigeria partnered with the Verve International to enrol its OPay Nigeria verve debit card.[11][12][13]
Opay was further launched in Egypt in 2021.[14] In April 2022, Mahmoud Khade, Head of Business Development and Strategic Partnerships at OPay Egypt, announces the company approval from Central Bank of Egypt to issue Opay Egypt prepaid cards.[15]
Pakistan[edit]
In September 2022, Ali Mubashar Kazmi was the president of the Opay Pakistan.[16][17][18]
In September 2021, Opay received $400 funding internationally and had been praised with over 160 million active users in Africa since its inception in 2018.[19]
Award and nominations[edit]
| Year | Award ceremony | Award description | Result | Ref |
|---|---|---|---|---|
| 2021 | The Global Economics Awards | New POS Payment Services Provider In Egypt | Won | [20] |
| 2023 | NITDA Awards | Prestigious Digital Fintech Category | Won | [21] |
| 2023 | Advan African Awards | Consumer Choice | Won | [22] |
| 2023 | World Economic Forum | Financial Inclusion | Won | [23] |
| 2023 | CNBC And Statista Awards | Global Ranking In Digital Payment | Won | [24] |
See also[edit]
Other articles of the topic Banks : Lehman Brothers Holdings Inc., Bahrain National Holding BSC
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References[edit]
- ↑ "OPay International confident it has muscle to tap Pakistan's market". Business recorder newspaper. 14 September 2023. Retrieved 14 September 2023.
- ↑ "OPay intends to establish digital bank in Egypt". Daily news egypt newspaper. 31 July 2023. Retrieved 31 July 2023.
- ↑ "Contact Pay collaborates with OPay to innovate payment solutions, enhance customer experience". Daily news egypt newspaper. 14 March 2024. Retrieved 14 March 2024.
- ↑ "Cryptocurrency, virtual assets trading barred on our platform, says OPay". The nation newspaper. Retrieved 4 June 2024.
- ↑ "OPay, Moniepoint, Others To Resume Onboarding New Customers 'In Months' – CBN". Channels tv. Retrieved 21 May 2024.
- ↑ "OPay highlights achievements, plans improved security". The punch newspaper. 16 January 2024. Retrieved 17 January 2024.
- ↑ "FACT CHECK: Video of OPay agents protest in Ikeja FALSELY shared as recent". The nation newspaper. Retrieved 3 October 2023.
- ↑ "METROKano court sentences Opay agent to nine months in jail for stealing". Daily post newspaper. 8 April 2023. Retrieved 8 April 2023.
- ↑ "OPay shakes up leadership in push to scale mobile banking in Nigeria". Business day newspaper. 15 November 2021. Retrieved 15 November 2021.
- ↑ "Olu Akanmu steps down as President of Opay". Business day newspaper. 31 July 2023. Retrieved 31 July 2023.
- ↑ "OPay partners Verve to roll out OPay Instant Debit Card — get yours anytime, anywhere, instantly". The cable newspaper. Retrieved 7 October 2022.
- ↑ "Opay Faces Backlash from Dissatisfied Customers over Unresolved Card Disputes". This day newspaper.
- ↑ "OPay to block accounts not linked to BVN March 1". Business day newspaper. 24 January 2024. Retrieved 24 January 2024.
- ↑ "Multi-Billion-Dollar OPay Group Is Delivering Innovative Fintech Solutions To MENA". Middle east forbes. Retrieved 18 February 2022.
- ↑ "OPay obtains approval of CBE to issue prepaid cards". Daily news egypt newspaper. 14 April 2022. Retrieved 14 April 2022.
- ↑ "Interview with Ali Mubashar Kazmi, President, OPay Pakistan". Business recorder newspaper. 5 September 2022. Retrieved 5 September 2022.
- ↑ "UBL & OPay collaborate on expanding digital acceptance, financial inclusion in Pakistan". Business recorder newspaper. 15 October 2021. Retrieved 18 October 2021.
- ↑ "President Alvi, OPay CEO discuss digital economy". The express tribune newspaper. 22 February 2023. Retrieved 22 February 2023.
- ↑ "Africa-focused payment firm OPay raises $400 million in funding round led by SoftBank". Yahoo finance. 24 August 2021. Retrieved 24 August 2021.
- ↑ "OPay wins The Global Economics 2021 Award for best new POS payment services provider in Egypt". Business africa online. 31 January 2022. Retrieved 31 January 2022.
- ↑ "OPay Wins In FinTech Category At NITDA's Digital Nigeria 2023 Awards". Leadership newspaper. 3 November 2023.
- ↑ "OPay wins ADVAN consumer choice award for Best Fintech 2023". Vangaurd newspaper. Retrieved 23 December 2023.
- ↑ "OPay gets WEF recognition on financial inclusion". The punch newspaper. 11 December 2023. Retrieved 12 December 2023.
- ↑ "Opay Earns CNBC And Statista Global Ranking In Digital Payment Category". Leadership newspaper. 13 August 2023.
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