OPay is a Chinese-owned fintech company that provides financial services such as payments and digital wallets to customers in Africa and Asia. The company, headquartered in Singapore, focused on emerging markets and offers innovative fintech solutions based on artificial intelligence (AI) and big data.
OPay is currently operating and doing businesses in Nigeria, Egypt, and Pakistan. In Nigeria and Egypt, the company has achieved a significant market position to become a key driver of financial inclusion that's redesigning the financial landscape of the emerging markets.
The company has leveraged its technological innovation to bring advanced fintech to support the transformation of businesses through various financial products, including POS, OPay Checkout, and Buy Now Pay Later (BNPL). In fact, OPay tops the list of CNBC's 200 global fintech companies.
Chinese billionaire Zhou Yahui, chairman of OPay, said the company's goal is to expand access to financial services through technology and will continue to maintain a long-term growth strategy; strengthen its capabilities in areas such as security, data management, monetisation, and regulatory compliance; and work on the ambition of becoming one of the most trusted and impactful fintech companies in the industry.
Founded in 2019, OPay had served over 50 million users and 1 million merchants in emerging markets. The company has recorded a monthly transaction volume of over $12 billion—from about 10 million daily transacting users. OPay has its strongest and most established presence today in Nigeria, followed by growing operations in Egypt and Pakistan. The company has created over 400,000 direct and indirect jobs in these markets.
List of Countries Using OPay
As of 2026, OPay's businesses currently cover countries such as Nigeria, Egypt, and Pakistan. In other words, OPay is currently operating in three countries across Africa, the Middle East, and Asia. However, it's worth noting that not every country has the same OPay products. For example, OPay offers BNPL and payment gateway (for merchants) services in Egypt, but these products are not available in Nigeria.
In May 2022, MasterCard secured a strategic partnership with OPay to provide digital commerce across the Middle East. Particularly, the partnership is aimed at broadening financial inclusion and economic prosperity for millions of users in Egypt—as the country is the second most significant among the three markets.
Now, let's discuss the countries where OPay is operating and the products that are being offered to millions of users in the country.
1. Nigeria
OPay was established in Nigeria in 2018 and was licensed by the country's Central Bank in the same year. It was insured by the Nigeria Deposit Insurance Corporation (NDIC) the same year. But don't get confused; Nigeria is where OPay was incepted before the general company was established in 2019 and headquartered in Singapore.
OPay is doing business in Nigeria as OPay Digital Service Limited. Before the establishment, the Opera Group—a parent incubator—acquired a controlling stake in Paycom (which was founded by Telnet Nigeria) and rebranded it as OPay (a combination of "Opera" and "Paycom"). That's how the company was founded in Nigeria.
Even today, some of your bank transfers to OPay will often show the recipient name as Paycom. So from Nigeria, OPay has expanded into Egypt and Pakistan, and it has opened many offices across the world, including its UK legal entity. Like I have explained earlier, products offered across these markets are different. Let's talk about what OPay offers to Nigerians.
OPay Products in Nigeria
In Nigeria, OPAY tagged itself as a fintech company that's “beyond banking”. Well, from a milestone perspective, it actually is. Because the company processes over ₦9 trillion in transactions every month in Nigeria, a monthly volume that routinely exceeds those of traditional Tier-1 commercial banks. These records are achieved through its personal and business wallets and POS agency banking.
- Digital Wallets: OPay offers a digital wallet that can be used for an individual's personal and business banking. Through the app, users can pay bills, borrow money through a third-party lender, send money, and save using various savings features available on the app. OPay Digital Wallets have a record of a nearly 100% success rate. The app is available for download on the Google Play Store and Apple App Store.
- OPay Card: The fintech offers both physical and virtual debit cards. The card uses money in the wallet directly to process transactions and payments. In fact, OPay is providing indirect jobs through the physical card by allowing its business agents to sell and activate the cards in their community to earn extra income. The OPay virtual card is a naira-denominated card that can be used for online transactions anywhere naira-based payment is accepted, including Spotify, Apple Music, Alibaba, Jumia, etc.
- POS Terminal: OPay provides Point of Sale (POS) machines to businesses in Nigeria, allowing merchants and agents to process customer card payments, handle withdrawals, transfer funds, and sell airtime, data, or betting vouchers.
- Savings Account: OPay offers savings features for Nigerians to save smartly. The savings features include OWealth, a feature that allows users to earn daily returns on their idle funds through a low-risk investment product managed by licensed asset managers. OPay also offers Fixed Savings, which enables users to lock away funds for a selected period in exchange for higher interest rates. Target Savings is another savings feature on the app that allows users to save toward specific financial goals by making regular contributions over time. SafeBox is another feature that provides a secure way for users to set aside money they do not want to spend immediately, helping them build savings discipline. Lastly, there is Spend & Save, which allows users to automatically save a portion of their transactions whenever they make payments or transfers.
- Bill Payments: OPay provides a means for Nigerians to sort out their bills financially. Airtime; data top-ups (with up to 6% cashback); electricity, water, and cable TV subscriptions such as DStv and GOtv; betting account funding; and education-related payments like WAEC, JAMB e-PINs, and NECO scratch cards can all be paid for on the app without any hassle.
- Business Banking: OPay Business provides mobile tools and collection accounts for Nigerian merchants. It enables enterprises to accept payments, manage operations, and request POS terminals directly from their phones. It's through the business banking account that a merchant or agent can get a POS machine, become a card sales agent, open an account for customers, and so on.
- USSD Banking: OPay offers USSD shortcode banking that gives users access to their accounts without an internet connection. This service is essential in areas where there's little to no network coverage. The OPay USSD banking code is *955#. It works on major network providers in Nigeria, including MTN, T2 Mobile, Glo, and Airtel. However, the code must be dialled on users' OPay-linked phone numbers.
2. Egypt
OPay operates under authorisation from the Central Bank of Egypt (CBE) to provide financial services to millions of Egyptians and their businesses in the Middle East and North Africa (MENA). The company started Egypt's local operations and market rollout in early 2021—the same year it raised $400 million at a valuation of about $2 billion from investors, including SoftBank Vision Fund 2, to support its expansion across markets, including Egypt.
In February 2022, OPay opened its first physical store in Egypt, which it used to expand its POS network. In April of the same year, the company got approval from the Egyptian authority to issue prepaid cards in the country. The following month, the company secured a strategic partnership with MasterCard to facilitate the prepaid card issuance and operations.
OPay Products in Egypt
- OPay App: In Egypt, the OPay app is described as a one-stop solution for paying bills anytime and anywhere. The mobile app supports mobile recharge and telecom services. Supported operators include Vodafone, Etisalat, and WE services. You can simply use the app to recharge prepaid mobile numbers, renew mobile packages, purchase telecom vouchers, or top up internet packages. The app includes access to various government-related payment services integrated through Egypt's payment infrastructure.
- Digital Wallet: The OPay digital wallet is offered through the OPay mobile application in Egypt. It allows users to pay bills and send money to other banks and receive money in real time. Bills that can be paid using the app include electricity bills, water bills, gas bills, internet/ADSL bills, and telecom bills. You can also use the digital wallet to make education payments like school fees. OPay can also be used to pay for streaming and digital subscriptions in Egypt. In fact, Netflix and Shahid were specifically added as supported services in the app.
- Bill Payments via Instalment: OPay is not only providing bill payment services in Egypt; it's also giving the bill payment an instalment payment option. Egyptians are given the ability to pay eligible bills through instalment plans using ValU financing. However, the company clarified that only bills that are above a certain amount can be paid through the instalments option.
- OPay Meeza Card Services: The OPay-issued Meeza card operations, including card application, card activation, card management, depositing money via Banque Misr ATMs, and using the card for payments and cashback offers. However, it's worth noting that the company is offering the Meeza and Mastercard prepaid and debit card services through strategic partnerships with major financial institutions like Banque Misr and MasterCard. Like the OPay Debit Cards in Nigeria, the Egyptian cards facilitate secure local transactions, online purchases, and cash withdrawals for users seeking convenient, low-barrier access to banking. The cards are universal—meaning they're accepted at ATMs, POS terminals, and for e-commerce platforms locally.
- OPay Now: OPay Now is the dedicated Buy Now Pay Later (BNPL) and instalment service product in Egypt. It allows Egyptians to shop on their favorite stores with 1 tap and pay in easy installments with 0% interest rate. It gives financial flexibility by allowing users to make immediate purchases and break the total cost down into manageable, customised monthly payments.
- OPay Checkout: The OPay Checkout is the digital payment gateway and merchant solution product designed for online businesses, e-commerce stores, and delivery services operating within Egypt. It serves as a secure bridge that allows businesses to accept a wide variety of local and global electronic payments through websites, mobile applications, or digital invoices. The Checkout's core capabilities and tools include OPay Cashier (Express Checkout)—a drop-in payment flow plugin that redirects users to a secure OPay Cashier Page to safely input their data; Digital Invoicing—a feature that allows merchants to generate shareable payment links or direct invoices and send them to customers via SMS, email, or social media for instant payment collection; Subscription Management—features automated recurring payments and tokenisation, which is ideal for businesses requiring consistent monthly subscription billing; and Merchant App & Dashboard—a dedicated portal providing real-time data to track every transaction, handle refunds and chargebacks, monitor cash flow, and manage rapid settlement cycles.
- OPay POS: The OPay Point of Sale (POS) terminal—a physical in-store payment acceptance device—provides small, medium, and large retail businesses across all Egyptian governorates with smart Android-based hardware to process cashless transactions and offer digital financial services directly over the counter. In addition to card acceptance, the smart POS also gives merchants an easy way to pay all customers' bills, including telecommunication, internet, landline, electricity, gas, water, governmental services, subscriptions and many other services.
3. Pakistan
OPay entered the Pakistani market in early 2022 by setting up operational offices in major cities like Lahore, Karachi, and Islamabad to focus on the deployment of smart POS devices and digital merchant services. At the time of the inception, the company plans to deploy 100,000 smart POS devices, according to a report.
In early 2023, the chairman of OPay, Zhou Yahui, met with the Pakistani president, Arif Alvi, to discuss how OPay will use its fintech technology and AI to achieve cashless development in the country. In addition to that, the company's Pakistan vice president, Zeb Khan, detailed that OPay will include the concept of VAS (Value-Added Services) POS acquiring merchants.
OPay Products in Pakistan
In Pakistan, OPay offers these financial products:
- Digital Wallet and Accounts: The OPay Wallet and Account are the instant, zero-maintenance accounts created using any mobile number in Pakistan. Funds can be added seamlessly to the account from other licensed bank accounts (like HBL, UBL, and Meezan) or competing digital wallets (like JazzCash and EasyPaisa). Users can also carry out free and instant peer-to-peer transfers to other OPay users.
- Mobile and Utility Recharge: OPay offers the recharge of prepaid airtime and buying of mobile internet packages directly through the app for all major networks, including Jazz, Telenor, Zong, and Ufone in Pakistan. Users can also pay for their utility bills and landline bills from over 2,000 billers, covering major services like LESCO, K-Electric, CDA, WASA, SNGPL, PTCL, and Optix.
- OPay Debit Card: Likewise in Nigeria and Egypt, OPay also offers debit cards in Pakistan. However, the Pakistani debit cards are PayPak-accepted debit cards that feature zero annual maintenance fees and free monthly ATM withdrawals.
- Smart POS Terminals and Business Solutions: OPay provides merchants with POS devices that accept debit/credit cards, QR code payments, and value-added services (VAS) like inventory tracking and bill collections for businesses. All these POS features and more are also available in the Nigerian and Egyptian POS products.
Countries Where OPay Has Offices
The list below consists of countries where OPay has offices, not the markets in which it operates. OPay is only operating in three markets as of 2026, and they are Nigeria, Egypt, and Pakistan.
Here are the countries where OPay has offices across the world:
- Nigeria Office: Plot 9, Dr. Nurudeen Olowopopo Avenue, Central Business District, Alausa 100212, Ikeja, Lagos, Nigeria.
- Singapore Office: 30 Raffles Place, #21-01, Singapore 048622. This is the address of the Global Headquarters.
- Egypt Office: 5th Floor, Nile 13, G Ahmed Kamel Street (off Lasielky Street), Maadi, Cairo, Egypt.
- Pakistan Office: First Floor, 56 A/2, Gulberg 3, Lahore, Punjab, Pakistan.
- Indonesia Office: Puri Mutiara Complex Block B, Number BF 07-08, Jalan Griya Utama, Sunter Agung, Tanjung Priok, Jakarta, Indonesia.
- United Kingdom (UK) Corporate/SWIFT Registration Address: Ground Floor, 4 Victoria Square, St Albans, Hertfordshire, United Kingdom, AL1 3TF.
Notably, OPay's operations across the Middle East and GCC region—Including KSA, UAE, Bahrain, Kuwait, and Qatar via its OPay Checkout services—are managed directly from its Regional Middle East Hub in Egypt.
