OPay Announces Its First Monthly Profit With Nearly 10 Million Daily Active Trading Users

SINGAPORE, May 10, 2024 /PRNewswire/ -- OPay, the leading Fintech company focused on emerging markets, today announced its landmark first monthly profitability, with daily active trading users soaring past 9 million and poised to breach the 10 million mark. This marks a significant milestone in OPay's remarkable journey.

Since its inception in 2019, OPay has been providing cutting-edge payment, digital wallet, and other financial services to customers across Africa and Asia. Leveraging the power of AI and big data, OPay offers innovative financial technology solutions that reshape the traditional financial landscape. Currently, OPay's services span countries including Nigeria, Egypt, Pakistan and other countries.

By integrating advanced financial technology into local financial ecosystems through technological innovation, OPay has been instrumental in supporting the digital transformation of local businesses and providing convenient financial services to vast populations in Africa and the Middle East who are under-served or lack traditional banking access. After five years of relentless innovation and growth, OPay has established itself as a market leader in Nigeria and Egypt, playing a pivotal role in promoting inclusive finance in emerging markets.

Yahui Zhou , Chairman of OPay, commented, "OPay's mission is to make financial services more inclusive through technology. We will continue to uphold our long-term perspective, remain grounded in our principles, create value for our customers, and strengthen our capabilities in four key areas: security, data analytic, monetization, and compliance. Our aspiration is to become the most respected, popular, and socially valuable Fintech company."

OPay's rapid growth and outstanding performance in Africa and the Middle East have garnered international media attention and industry recognition. In February 2022, Forbes reported that OPay provided innovative financial technology solutions in the Middle East and North Africa. In June 2022, CNN conducted an in-depth report on OPay's development in Nigeria, recognizing it as a leader and pioneer in business transformation in Africa. Additionally, OPay has been selected as one of the CB Insights Global Fintech 250 for three consecutive years. In 2023, OPay was also named in the CNBC Global Fintech 200.