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Banking

S’African Standard Bank in talks to buy stake in OPay

South Africa’s Standard Bank Group is in talks to acquire a stake in Nigerian fintech company OPay Digital Services ahead of its planned initial public offering in the United States, according to Bloomberg. The proposed investment would see Africa’s largest lender by assets take a stake in OPay before the fintech proceeds with its planned […]

Business

OPay’s transaction value hits $358bn, doubles ahead of IPO

Fintech company, OPay, processed gross transaction value of $358 billion in 2025, more than double the $166.2 billion recorded in 2024, highlighting the rapid expansion of the fintech’s payments business as it prepares for a potential listing on the New York Stock Exchange. According to an investment document on the company’s planned Initial Public Offering […]

Business

OPay surpasses 45m users, expands merchant network nationwide

OPay says it has exceeded 45 million users and now serves more than one million merchants and businesses nationwide, highlighting the rapid expansion of digital payments and agency banking in the country. The fintech firm, which began operations in Nigeria in 2018, has grown into a major force in driving financial inclusion and supporting the […]

Business

OPay partners CBN to promote financial literacy among youth

OPay, a leading fintech company in Nigeria, partnered with the Central Bank of Nigeria at the Global Money Week 2026 Financial Literacy Fair and Exhibition held on Tuesday, 28th April 2026 at CBN’s headquarters in Abuja. The event, themed “Smart Money Talks,” brought together students from secondary schools across the Federal Capital Territory, including Doveland […]

Business

OPay denies office sealing by NRS over tax claims

OPay Digital Services Limited has dismissed reports claiming that its offices in Lagos and Abuja were sealed by the Nigeria Revenue Service over alleged non-compliance with tax obligations. The company described the claims as false and misleading. Reports circulated on social media and online platforms alleged that the Nigeria Revenue Service sealed OPay’s Lagos and […]

featured News

Fire guts parts of Ibadan OPay office

Parts of an OPay office located along the bustling Akala Expressway in Ibadan, Oyo State, were gutted by fire on Tuesday. The incident destroyed property estimated at millions of naira. It sparked widespread panic among residents, motorists, and operators of nearby businesses. The blaze erupted in the afternoon. Thick smoke and flames billowed from sections […]

OPay to charge N50 on transfers from N10,000 above
News

OPay to charge N50 on transfers from N10,000 above

OPay has announced a new fee on electronic transfers to personal and business accounts, in line with Federal Inland Revenue Service regulations. Effective September 9, 2024, a one-time charge of N50 will be applied to transfers of N10,000 or more. In a notice issued on Saturday, OPay informed its customers: “Starting September 9, 2024, a […]

News

Opay meets NDIC N5m depositors fund insurance requirement

OPay, one of Nigeria’s major financial technology businesses, has guaranteed its customers that their deposits are now insured up to N5 million, the industry benchmark set by the Nigeria Deposit Insurance Corporation. This was disclosed in a statement by Opay on Sunday. This not only demonstrated its commitment to financial security but also matched it […]

Opay warns users against crypto trading on platform
featured News

Opay warns users against crypto trading on platform

One of Nigeria’s prominent fintech companies, OPay, has issued a stern caution to its users regarding cryptocurrency or any virtual currency trading within its app. “In compliance with the CBN directive, please note that OPay prohibits any cryptocurrency and all virtual currency trading. Any account engaging in such activities will be closed, and customer information […]

News

Opay reassures customers of funds security

Opay, a leading fintech bank in Nigeria has urged their customers to remain calm reassuring them that their funds are safe and sound. This was disclosed by Opay via their official X handle on Tuesday. This follows the Central Bank of Nigeria’s directive of stopping at least four fintech banks from new account openings for […]

OPay launches security features to secure clients' funds
Business

OPay launches security features to secure clients’ funds

Nigerian financial technology company, OPay, has introduced a number of security measures to combat financial fraud. The PUNCH reported that according to the corporation, the program aimed to improve platform security and protect clients from fraudulent actions. OPay stated that it was recently recognized by the World Economic Forum and given the customer choice award by […]

Opay warns users against crypto trading on platform
Tech

Opay to remove fraudulent accounts from system

Leading fintech company in Nigeria, OPay, has announced that it will be purging fraudulent accounts from its system starting March 1, 2024. This was disclosed at a press conference on Wednesday, where the mobile money firm also noted that accounts not compliant with Know Your Customer regulations will be blocked. KYC is a mandatory process […]

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