Who owns OPay in Nigeria?

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.

Who is the original owner of OPay?

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.

Is OPay owned by a Nigerian?

It is owned and controlled by the Chinese billionaire Zhou Yahui, who also owns and controls the popular web browser, Opera. At inception, the company was named Paycom Nigeria Limited before finally settling for the name Operapay, which was later shortened to Opay Nigeria.

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.

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.

Opay: The $2 Billion Company That Owns Nigeria

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.

Did CBN fines OPay?

CBN fines Moniepoint and OPay USD 633,990 in Q2

The CBN's audits identified compliance violations, prompting sanctions not only against Moniepoint and OPay but also against at least four other fintech companies.

Does the UK use OPay?

If you initiate an international transfer to a Opay Holding bank account, or if you are the recipient of funds in a Opay Holding bank account in United Kingdom, you'll need the SWIFT along with other essential details. Traditional banks often process international transfers slowly and at a higher cost.

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.

Which online banking is the best in Nigeria?

Is OPay owned by Chinese?

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.

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.

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 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.

Which countries use OPay?

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.

Why did OPay deduct my money in Nigeria?

The regulations provide for a one-off levy of N50 on the recipient of any electronic receipts or transfers of N10,000 or above. For equivalent receipts or transfers carried out in other currencies, the levy will be charged at the exchange rates determined by the Central Bank of Nigeria (CBN).

What happens if you don't repay an OPay loan?

28–42 Day Loan

Also, if you're unable to pay your loan in full by the due date, you'll incur a weekly late fee beginning after a 7-day grace period. That also varies per your merchant level.

Why will OPay block my account?

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.

What is the full meaning of OPay?

OPAY means Official Payments Corporation, a Delaware corporation.

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.

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.

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.

Which bank is the richest bank in Nigeria?

Overview: Zenith Bank is consistently ranked as one of the largest and most profitable banks in Nigeria. It offers a wide range of financial services, including corporate and investment banking, personal banking, and asset management. Key Financials: Total Assets: Approximately NGN 8.48 trillion (as of 2022).

How many OPay users are in Nigeria?

As Nigeria moves toward 95% financial inclusion, OPay is right there—partnering with regulators, investing in innovation, and championing digital empowerment. Join 60 million users who trust OPay for their financial transactions.