OPay is not controlled by a traditional bank but is an independent fintech company founded in 2018 by Chinese billionaire Zhou Yahui, who is also the chairman of the Opera browser. It operates as a Mobile Money Operator (MMO) licensed by the Central Bank of Nigeria (CBN) and insured by the NDIC.
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.
It is one of the leading mobile money services in the country. It has partnered with some of the biggest banks in Nigeria, including Zenith Bank and GTBank. OPAY OPay is a mobile money service that was founded in 2018. It allows users to send and receive money, pay bills, and buy airtime using their mobile phones.
We established in 2018 with license from CBN and insured by NDIC with thes same insurance coverage like other commercial banks, committed to deepening financial inclusion through technology and enabling shared prosperity.
Renowned for its fast and reliable network and strong security features that protect customer's funds, OPay is licensed by the CBN and insured by the NDIC with the same insurance coverage as commercial banks.
Meet the Owner of OPay in Nigeria OPay, one of Nigeria's leading fintech platforms, is owned by Chinese billionaire Zhou Yahui. He is the chairman of Opera Software, the parent company of OPay. Originally founded as Paycom Nigeria Limited in 2013, OPay was rebranded after Opera acquired it.
The affected banks include Fidelity Bank Plc, First Bank Plc, Keystone Bank Plc, Union Bank Plc, Globus Bank Plc, Providus Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, and Sterling Bank Plc.
In the event that OPay reasonably suspects that you are using the Services for illegal activities (particularly fraud, money laundering or other related illegalities), OPay reserves the right to block your account immediately without liability.
The Nigerian start-up says the new investment takes its valuation up to $2 billion. Mobile payment fintech OPay has secured $400 million in a Series C funding round led by SoftBank's Vision Fund 2.
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.
Nigeria's top 5 banks (Access Bank, UBA, Zenith Bank, FBN Holdings, and GTCO) dominate the sector with combined assets worth over ₦146 trillion. The banking sector performed remarkably in 2023, accounting for 4.6% of the country's GDP through a year-over-year improvement of 28.86%.
Among these digital solutions, Opay Wallet stands out in Nigeria as a reliable and widely used option for receiving funds. Paired with a trusted international service like ACE Money Transfer, you can now send money to Nigeria from Greece with ease, security, and speed.
We are a global company with footprints in many emerging markets across Asia, Africa and Latin America. Our journey in Nigeria started in 2018 and we are strictly licensed and regulated by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC).
Nigeria's richest banker, Jim Ovia, has just seen a major boost in the value of his stake in Zenith Bank. A strong rally in the bank's shares on the Nigerian Exchange (NGX) has added $37.2 million to his holdings. Ovia owns a 16.2 percent stake in Zenith Bank, more than 5 billion shares.
Despite these global headwinds, OPay has maintained its valuation of $2 billion in 2021. At its last funding round in 2021, OPay raised $400 million from investors, including SoftBank and Sequoia, which boosted its valuation to $2 billion.
Kindly disregard this information as OPay requires either a BVN or a NIN for account opening. In addition, facial verification is required to ensure that the provided details match.
In case of danger, lock your account In case of OTP LOST Robbery Phone theft Any danger Lock your account with a click to safeguard your money Once account is locked, you will not be able to: Make Transfers Pay Bills Use Debit Card No debit transactions will be allowed for the Next 24 hrs No one, not even you or OPay, ...
The bank blocks all debit and credit transactions on the frozen account to prevent additional financial losses or misconduct. Transferring money to the frozen account will be denied until the account is unlocked.
Otedola currently owns 17.01 percent of First Bank — its single largest shareholder since it was established in 1894. His first big break as a businessman was in the energy sector when he set up Zenon Oil, a diesel marketing company, in 2003.
Behold the highest paid banker in Nigeria's banking industry for last year. She's Adaora Umeoji the Zenith Bank's CEO and she earned total of N874 million as salary in 2024!
FirstBank UK is owned by First Bank of Nigeria Limited, a multinational bank based in Lagos. It's one of the leading financial services providers in West Africa, with a history dating back to 1894. In the UK, FirstBank is FCA regulated and provides a range of domestic and international banking services.
