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Opay also known as Opay Digital Services Limited is a Fintech company dominating the African market, operated in Nigeria, Egypt, and Pakistan.[1][2][3]

History

Nigeria

Opay was formerly known in Nigeria as Paycom Nigeria limited, registered with the CBN, since (9 December 2013). The financial company was established in Nigeria 2018, licensed from the Central Bank of Nigeria and insured by the Nigeria Deposit Insurance Corporation.[4] In March 2021, the fintech company Managing VP Joshua Yau, for Opay Nigeria, said to have recorded over $2 billion around December 2022.[5] In November 2021,[6] Olu Akanmu, Formal FCMB director, was appointed as the co-CEO of Opay Nigeria and later resign on the 31 of July 2023.[7]

Egypt

In April 2022, Mahmoud Khade, Head of Business Development and Strategic Partnerships at OPay Egypt, announces the company approval from Central Bank of Egypt to issue Opay Egypt prepaid cards.[8]

Pakistan

In September 2022, Ali Mubashar Kazmi was the president of the Opay Pakistan.[9][10][11]

Award and nominations

Year Award ceremony Award description Result Ref
2021 The Global Economics Awards New POS Payment Services Provider In Egypt Won [12]
2023 NITDA Awards Prestigious Digital Fintech Category Won [13]
2023 Advan African Awards Consumer Choice Won [14]
2023 World Economic Forum Financial Inclusion Won [15]
2023 CNBC And Statista Awards Global Ranking In Digital Payment Won [16]

See also

References

  1. ^ "OPay International confident it has muscle to tap Pakistan's market". Business recorder newspaper. Retrieved 14 September 2023.
  2. ^ "OPay intends to establish digital bank in Egypt". Daily news egypt newspaper. Retrieved 31 July 2023.
  3. ^ "Contact Pay collaborates with OPay to innovate payment solutions, enhance customer experience". Daily news egypt newspaper. Retrieved 14 March 2024.
  4. ^ "OPay highlights achievements, plans improved security". The punch newspaper. Retrieved 17 January 2024.
  5. ^ "OPay records $2 billion in total gross transaction value in 2020, shares exciting growth plans for 2021". Guardian newspaper. Retrieved 4 March 2021.
  6. ^ "OPay shakes up leadership in push to scale mobile banking in Nigeria". Business day newspaper. Retrieved 15 November 2021.
  7. ^ "Olu Akanmu steps down as President of Opay". Business day newspaper. Retrieved 31 July 2023.
  8. ^ "OPay obtains approval of CBE to issue prepaid cards". Daily news egypt newspaper. Retrieved 14 April 2022.
  9. ^ "Interview with Ali Mubashar Kazmi, President, OPay Pakistan". Business recorder newspaper. Retrieved 5 September 2022.
  10. ^ "UBL & OPay collaborate on expanding digital acceptance, financial inclusion in Pakistan". Business recorder newspaper. Retrieved 18 October 2021.
  11. ^ "President Alvi, OPay CEO discuss digital economy". The express tribune newspaper. Retrieved 22 February 2023.
  12. ^ "OPay wins The Global Economics 2021 Award for best new POS payment services provider in Egypt". Business africa online. Retrieved 31 January 2022.
  13. ^ "OPay Wins In FinTech Category At NITDA's Digital Nigeria 2023 Awards". Leadership newspaper.
  14. ^ "OPay wins ADVAN consumer choice award for Best Fintech 2023". Vangaurd newspaper. Retrieved 23 December 2023.
  15. ^ "OPay gets WEF recognition on financial inclusion". The punch newspaper. Retrieved 12 December 2023.
  16. ^ "Opay Earns CNBC And Statista Global Ranking In Digital Payment Category". Leadership newspaper.
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