The company said eligible customers would receive a pop-up notification on the homepage of their OPay mobile application, which they must click to access the next steps for the payment.
OPay Limited has suspended its planned listing on the New York Stock Exchange (NYSE) following a regulatory inquiry relating to a foreign jurisdiction which the fintech company described as immaterial to its core business operations.
OPay has commenced trading on the New York Stock Exchange, marking a major milestone for the Nigeria-founded fintech following its $304 million initial public offering in the United States.
SoftBank-backed fintech company OPay has raised $304 million in its initial public offering in the United States, securing a listing on the New York Stock Exchange as it seeks to expand its position in the digital financial services market.
The growing disruption of Nigeria’s banking industry by financial technology companies has taken a new turn, with OPay’s Nigerian operations generating about ₦575 billion in revenue in the first half of 2026, surpassing the gross earnings reported by Wema Bank and narrowing the gap with some established banking groups.
The fintech company disclosed its intention in a Form F-1 registration statement filed with the United States Securities and Exchange Commission on October 9, 2026. OPay is pursuing an initial public offering of American Depositary Shares and has applied to list on the New York Stock Exchange under the proposed ticker symbol OPAY.
OPay has won two major fintech categories at the 2026 Consumers Value Awards (CVA), emerging as the Most Trusted Brand (FinTech) and Most Consumer Friendly/Innovative FinTech Brand.
Eight years after entering the Nigerian market, financial technology company OPay is evolving from a digital payments platform into a broader financial services provider, reflecting the changing way Nigerians access and manage money.
Standard Bank is considering a stake in OPay ahead of the fintech’s proposed US IPO, which could value the company at about $4 billion.
OPay’s Nigerian business accounted for 88.1 percent of its revenue in 2025, while gross...
OPay delivered a $72.47 million net profit in 2025 following a $50.98 million loss the previous year.
Annual revenue surged 161 percent to $536.25 million while processed transactions hit $358 billion.
Rapid expansion into digital lending drove the...
The President, Bola Ahmed Tinubu has flagged off the construction of the $3.5 billion Bakassi Deep Seaport in Cross River State, describing the project as a strategic investment that will reduce pressure on Lagos ports and reposition Nigeria’s maritime industry.
