What is OPay? OPay Review, Features

OPay is a mobile payment service provider in Nigeria. Users can use the APP to pay bills, transfer money, buy food, withdraw cash, and other operations. It is committed to providing a full range of mobile payment services.

About OPay

As one of the fastest growing companies in Africa, Opay was incubated by Opera, a world-renowned Internet company headquartered in Norway. Opera (NASDAQ listed company, stock code OPRA) is a leading global Internet brand with 350 million monthly active users and continues to grow.

· Opay is a one-stop electronic financial service provider that can meet the needs of payment, transfer, food delivery, and other daily life. Currently, Opay is already the leading mobile payment service provider and travel service provider in Nigeria. Millions of users in Nigeria use Opay to complete payment, bill payment, transportation, food ordering, and food delivery services. OPay is committed to providing opportunities for everyone, connecting what they care about, and achieving financial inclusion, security, and convenience in Africa. OPay is committed to providing consumers with a full range of convenient Internet services, including mobile payment, shared travel, and food delivery. OPay plans to use the newly raised funds to further accelerate its expansion in multiple verticals and explore new African markets.

News Events

On April 13, 2020, Kunlun Wanwei issued an announcement stating that Zhou Yahui submitted a written resignation report from the position of chairman.

Kunlun Wanwei said that the rapid spread of the COVID-19 pandemic in Africa has brought huge challenges and opportunities to Zhou Yahui's entrepreneurial project OPay. As the full-time CEO of OPay, Zhou Yahui needs to invest more time and energy in Africa and OPay, so he applied to the board of directors to resign as chairman of the company.

Development History

-In August 2018, OPay launched its mobile payment service and has continued to expand new features, focusing on providing convenience to Nigeria's large unbanked population.

-In June 2019, Opay completed a $50 million Series A financing. Since the Series A financing, the number of OPay active agent merchants has tripled to more than 140,000, and the daily transaction volume has doubled, averaging more than $10 million per day.

-In November 2019, OPay announced that it had completed its latest Series B financing, raising a total of US$120 million. Investors include Meituan Dianping, Dragon Ball Capital (Meituan), Gaorong Capital, Source Code Capital, SoftBank Asia, BAI (Bertelsmann Asia Investment Fund), Redpoint Ventures, IDG Capital, Sequoia China and GSR Ventures.