Lagos — OPay, a Nigerian fintech start-up 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. 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. The company is planning to enter the North African market after its success in Africa’s most populous country, Akpan said. Digital overdraftThe financial service provider is piloting a digital overdraft product for its mobile wallet customers who have short-term funding needs. OPay processes about 80% of bank transfers among mobile money operators in Nigeria and 20% of non-merchant point of sales transactions, Akpan said.

Source: The North Africa Journal December 24, 2020 09:56 UTC