Which bank owns OPay?

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. Ltd, controls the mobile money platform dominating Nigeria's fintech space.

Which bank controls OPay?

OPay is a CBN licensed mobile money platform. We offer low fees and a hassle-free way to carry out an array of services for your customers.

Who is the owner of OPay bank?

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.

Is OPay affiliated to CBN?

Renowned for its super-fast experience and reliable network, OPay is licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC) with the same insurance coverage as commercial banks.

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.

How Opay Exposed The Flaws in Nigerian Banking

Can OPay receive money internationally?

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.

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.

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.

Which online banking is the best in Nigeria?

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.

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.

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.

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.

Which payment gateway is best in Nigeria?

How secure is OPay Bank?

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.

Who is the founder of OPay?

Meet Zhou Yahui, a Chinese billionaire and the founder of OPay, Nigeria's best online banking platform. He's also behind Opera Software and Kunlun Tech. OPay has become Nigeria's top digital banking platform since its launch in 2013.

Which countries use OPay?

How rich is OPay?

Opay has made significant leaps in the past year and is now worth close to 3 billion dollars. Here's how the Nigerian fintech startup achieved this.

Who owns Kuda?

Kuda, also known as Kuda Technologies Limited, is a Microfinance Bank and fintech company operating in Nigeria and the UK. It was founded by Babs Ogundeyi and Musty Mustapha in 2019.

Is OPay used in the USA?

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.

Can OPay receive 10 million naira?

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

Which bank in Nigeria can receive money from abroad?

GTBank International Money Transfer makes it easy for individuals and businesses to receive payments from partners abroad directly into a GTBank account via money transfer platforms.

What is the highest amount in OPay?

Opay has 3 Tiers,Tier 1 account daily transaction limit is ₦50,000. Tier 2 account daily transaction limit is ₦200,000 . Tier 3 account daily transaction limit is ₦5,000,000..

Is it safe to leave money in OPay?

Rest assured, your OPay account is protected when faced with unforeseen circumstances! If you misplace your phone or ATM card, quickly dial the blocking number to prevent any unauthorized access to your finances. Ensure your money remains safe by taking immediate action.

What is the full name of OPay?

Our official company name is now OPay Digital Services Limited. Kindly take note for bank transfers and other official purposes.