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Softbank-backed OPay eyes North Africa

OPay Eyes North Africa After Breaking-Even in Nigeria

Softbank backed OPay Eyes North Africa After Nigeria Success Bloomberg 12/24/2020 Tope Alake (Bloomberg) OPay, a Nigerian fintech startup founded by Opera, plans to expand its payments service operations to North Africa early next year after Covid-19 restrictions led to a spike in transactions on its platform. Popular Searches The volume of monthly settlements on the OPay platform grew almost fourfold to $1.4 billion in November from $363 million in January, as people sought alternative payments services during coronavirus-induced lockdowns, the company’s managing director, Iniabasi Akpan, said in an interview from Lagos. “We plan to reach transactions value of about $2 billion by the end of this year,” Akpan, who is also the country head, said. The company will leverage its network of 300,000 offline agents to deepen the adoption of its payments service in the next six months, he said.

Softbank-backed OPay eyes North Africa after Nigeria success

Softbank-backed OPay eyes North Africa after Nigeria success
paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.

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