What bank owns OPay?

OPay in Nigeria is owned by Zhou Yahui, a Chinese billionaire and the chairman of Opera Software, which is OPay's parent company. He is also the founder of Kunlun Tech Co. Ltd., another of his companies.
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Who is the real owner of OPay?

Opay Digital Services Limited commonly called Opay, and formerly Paycom Nigeria Limited, is a fintech mobile money operating company founded by Zhou Yahui in 2013 with headquarters in Ikeja, Lagos State, Nigeria.
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Which country uses an OPay account?

About us. OPay is a leading and fast growing fintech company focused in the Middle East and Africa region. Currently, OPay is operating in Egypt, Nigeria and Pakistan, processing tens of millions of transactions daily.
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Which country invented the OPay?

OPay Founding and Early Strategy

Founded in 2013 as Paycom Nigeria Limited by Yahui Zhou. Officially licensed in 2018. Headquartered in Ikeja, Lagos State, Nigeria. Initial focus on services like ORide, OFood, and OBus to build a user base.
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How does OPay make money?

For every transaction carried out on the platform, OPay charges a small percentage as a service fee. This applies to payments, fund transfers, ride services, food delivery, and other services offered on the platform.
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Opay: How a chinese company secretly Dominates Nigerian Payments

Is your money safe with OPay?

Your data is stored and encrypted using strong cryptography. We scan our systems daily against security threats. We are compliant with PCI DSS. Your transactions are always encrypted and secured.
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How much is OPay worth now?

This implies an overall valuation of OPay at roughly $2.75 billion.
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Who brought OPay to Nigeria?

It has been confirmed that Zhou Yahui, a Chinese tech billionaire, is the owner of OPay Bank in Nigeria. Zhou, who is also the chairman of Opera Software and founder of Kunlun Tech Co.
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Who owns PalmPay in Nigeria?

Last week PalmPay announced its launch in Nigeria with a $40 million investment to support its African activities. PalmPay is co-owned by Chinese-based Transsion Holdings and NetEase.
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How many branch does OPay have in Nigeria?

Discover the 17 OPay office locations across Nigeria. Our customer service reps are here to help you with any complaints or questions. Find us in Lagos, Abuja, PHC, and more.
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Is OPay used in the UK?

You can now receive money from your friends and families in the United States, the United Kingdom and 50 other countries directly into your OPay wallet. OPay is providing a fast, convenient and affordable way to receive money from abroad without leaving the comfort of your home.
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Why do Nigerians use OPay?

Its mobile-driven approach allows users to perform banking activities without visiting bank branches, thus democratizing financial participation. As more Nigerians gain access to digital financial services, Opay benefits from a larger user base. Building trust is essential in financial services.
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Can money be sent to OPay from abroad?

The OPAY payment system provides the opportunity to accept local and international payments through popular payment methods such as online banking, payment cards, and others. Regardless of the payment method your customer chooses, you will receive the funds into one account and be able to manage them easily.
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Who is moniepoint CEO?

Tosin Eniolorunda. Tosin Eniolorunda (born Oluwatosin Michael Eniolorunda; September 1985) is a Nigerian software engineer and entrepreneur who co-founded and is the CEO of the Nigerian fintech bank, Moniepoint Inc.
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How many countries are using OPay?

In a December 2021 report, the Asian Banker stated that OPay has 15 million customers in Africa, spread across Nigeria, Kenya, Tanzania, and several other African countries. Wole Adeniyi, OPay's Southwest Nigeria regional sales manager, says the zero transaction fee was just a way to penetrate the market.
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Is OPay a certified bank?

Please be informed that OPay is a FinTech bank and is licensed by CBN and insured by NDIC.
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Is OPay a Chinese company?

OPay in Nigeria is owned by Zhou Yahui, a Chinese billionaire and the chairman of Opera Software, which is OPay's parent company. He is also the founder of Kunlun Tech Co. Ltd., another of his companies.
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How much does OPay charge for $10,000?

On Saturday, OPay communicated to its valued customers: “Dear valued customers, please be informed that starting September 9, 2024, a one-time fee of N50 will be applied for electronic transfer of N10,000 and above paid into your personal or business account in compliance with the Federal Inland Revenue Service ...
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Who funded OPay?

Mobile payment fintech OPay has secured $400 million in a Series C funding round led by SoftBank's Vision Fund 2. The round also included participation from DragonBall Capital, Sequoia Capital China, Source Code Capital, SoftBank Ventures Asia, Redpoint China and 3W Capital.
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Can I invest in OPay?

Yes, OPay and almost all privately held companies issue stock so founders, employees, and investors can participate in equity ownership.
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Is OPay a normal bank?

OPay is a one-stop financial service platform for payments,transfers, savings, loans and other essential services for users, provides the best POS service for agents and acquiring service for merchant currently OPay boasts of over tens of millions of users, agents and merchants in Nigeria.
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Can you withdraw money from OPay?

Conversation. Starting today, cash withdrawals via ATM and POS are now limited to N500,000 weekly. Please note that any cash withdrawal above the limit will attract a 3% processing fee. To avoid restrictions, perform more transactions on OPay and enjoy free and limitless transfers.
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Can someone in the UK send money to OPay?

If you have an account, you can send money to it with Remitly.
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Which app can I use to receive dollars in Nigeria?

WorldRemit is an authorised and regulated money transfer service. Our security checks protect your money and personal information at all times. Over 5 million customers trust us to transfer money to their friends and family worldwide.
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Can OPay receive 10 million naira?

You can receive and send up to 5 million Naira daily as an OPay merchant.
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