OPay was founded in 2018 by the Norwegian browser company Opera and is heavily backed by Chinese entrepreneur Zhou Yahui, who serves as the chairman of its parent company. While it was incubated by international entities, OPay is specifically designed for, based in, and focused on the African market, primarily operating in Nigeria.
Meet Zhou Yahui, the Chinese billionaire who owns OPay, one of the most used online banks and fintech platforms in Nigeria. He is also the chairman of Opera Software, OPay's parent company.
How a Chinese App Humiliated Nigerian Banks | The Rise Of OPAY
Did Egypt use OPay?
OPay is a digital payment platform in Egypt, offering secure and convenient cash payment solutions alongside various financial services, making transactions easier for businesses and consumers.
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 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.
The Global CEO of OPay, Mr Steven Wen, has reaffirmed that compliance with Nigerian laws and regulations remains the company's top operational priority.
Below is a comprehensive list of the top 10 highest- paid employees/CEOs in Nigeria. 1. Ebenezer Onyeagwu / Zenith Bank Ebenezer Onyeagwu of Zenith Bank emerged as the highest-paid CEO with a basic salary of ₦2.17bn. In 2022, he was earning ₦258m and his salary took a 660% leap to the present amount.
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).
Olu Akanmu is the co-CEO of Opay ( @OPay_NG) mobile banking service and a Pharmacy graduate of the University of Ife (now Obafemi Awolowo University). He was the former director of FCMB bank and had worked with Airtel Telecommunication.
A clash of vision between the former banker and the rest of the company's leadership led to Akanmu's departure, one person with knowledge of Opay's business told TechCabal. “The Chinese cared about numbers much more than the brand's perception,” that person told TechCabal.
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.
Jim Ovia is the founder of Zenith Bank, one of the largest commercial banks in Nigeria. He is the chairman and largest individual shareholder with a stake of slightly more than 9% stake. He also owns prime real estate across Nigeria, and mobile telecom operator Visafone, which has 3 million subscribers.
Send GBP to Opay in Nigeria securely with Remitly. Enjoy great rates, no hidden fees, and fast delivery through your preferred method. Popular currencies are supported, with access to thousands of trusted providers worldwide.
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.
Credit and debit cards, mobile wallets, bank transfers, and cash are the four most popular payment methods for US consumers. While each option comes with its own benefits and drawbacks, it's clear that the thing shoppers value the most is convenience.
After the 2021 SoftBank-led round it was valued at $2 billion; by April 2024, Opera's filings valued OPay at about $2.75 billion. This is 5× higher than its implied valuation in 2018–2019, and reflects a revenue-positive operation (OPay achieved its first monthly profit in 2024) with massive scale.
