Technext Technext
  • Home
  • Stories
    • Microtraction Announces $25,000 Investment in Raise, its First Venture in 2021
      Microtraction Announces $25,000 Investment in Raise, its First Venture in 2021
      2 hours ago 0
      192
    • The Deficient State of Broadband Infrastructure in Nigeria and the Way Forward
      The Deficient State of Broadband Infrastructure in Nigeria and the Way Forward
      6 hours ago 0
      25
    • Sophos Intercept X to Provide Endpoint Protection for Qualcomm, Snapdragon Powered 5G Pcs
      Sophos Intercept X to Provide Endpoint Protection for Qualcomm, Snapdragon Powered 5G Pcs
      8 hours ago 0
      20
    • Covid-19 Update: 1 in 5 Lagosians Have Contacted Coronavirus, FG not Sure about Vaccine
      Covid-19 Update: 1 in 5 Lagosians Have Contacted Coronavirus, FG not Sure about Vaccine
      9 hours ago 0
      44
    • Application Now Open for Second $150k Google News Initiative in Africa, the Middle East, and Turkey
      Application Now Open for Second $150k Google News Initiative in Africa, the Middle East, and Turkey
      14 hours ago 0
      645
    • Apple Finally Tops Global Smartphone Market and Could Remain There with New iPhone 13
      Apple Finally Tops Global Smartphone Market and Could Remain There with New iPhone 13
      15 hours ago 0
      402
    • Termii Secures 5th Investment Round From Iyin Aboyeji’s Future Africa Fund
      Termii Secures 5th Investment Round From Iyin Aboyeji’s Future Africa Fund
      17 hours ago 0
      189
    • ‘I thought it was Spiritual Problem’- Nigerian Men on How Virtual Sports (Baby) Bankrupted Them
      ‘I thought it was Spiritual Problem’- Nigerian Men on How Virtual Sports (Baby) Bankrupted Them
      1 day ago 0
      145
    • Kenya’s Digital Credit Regulation and What it Means for Mobile Lending Startups
      Kenya’s Digital Credit Regulation and What it Means for Mobile Lending Startups
      1 day ago 0
      66
  • Features
    • ‘I thought it was Spiritual Problem’- Nigerian Men on How Virtual Sports (Baby) Bankrupted Them
      ‘I thought it was Spiritual Problem’- Nigerian Men on How Virtual Sports (Baby) Bankrupted Them
      1 day ago 0
      145
    • Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      2 days ago 0
      71
    • Symbiotic Relationships are Needed to Enhance Femtech Innovations – Abisola Oladapo, MumSpring Founder
      Symbiotic Relationships are Needed to Enhance Femtech Innovations – Abisola Oladapo, MumSpring Founder
      5 days ago 0
      117
    • CBN Didn’t Ban Cryptos to Fight Criminal Activities but to Curtail Capital Flight- Danny Oyekan, CEO of Dan Holdings
      CBN Didn’t Ban Cryptos to Fight Criminal Activities but to Curtail Capital Flight- Danny Oyekan, CEO of Dan Holdings
      1 week ago 0
      219
    • Tony Lauriola of Coins App Explains the Reason Young Africans are Embracing Cryptocurrencies
      Tony Lauriola of Coins App Explains the Reason Young Africans are Embracing Cryptocurrencies
      1 week ago 0
      290
    • Why Robotic Process Automation (RPA) is Taking Over Your Job
      Why Robotic Process Automation (RPA) is Taking Over Your Job
      1 week ago 0
      251
    • Introducing the Austin’s Five Forces Model for Transformation By Austin Okere
      Introducing the Austin’s Five Forces Model for Transformation By Austin Okere
      2 weeks ago 0
      222
  • Reviews
    • Apple Finally Tops Global Smartphone Market and Could Remain There with New iPhone 13
      Apple Finally Tops Global Smartphone Market and Could Remain There with New iPhone 13
      15 hours ago 0
      402
    • Meet the 6 Nigerians Nominated for the £25,000 Africa Prize for Engineering Innovation
      Meet the 6 Nigerians Nominated for the £25,000 Africa Prize for Engineering Innovation
      2 days ago 0
      90
    • Onepipe Gives Businesses Access to Numerous Payment Gateways Without Multiple Integrations
      Onepipe Gives Businesses Access to Numerous Payment Gateways Without Multiple Integrations
      2 days ago 0
      62
    • Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      2 days ago 0
      71
    • Tech Events this Week: UK-Nigeria Tech Summit, Startup Funding Webinar and Others
      Tech Events this Week: UK-Nigeria Tech Summit, Startup Funding Webinar and Others
      3 days ago 0
      96
    • Whispa Helps Young People Get Sexual Health Service Privately and Affordably
      Whispa Helps Young People Get Sexual Health Service Privately and Affordably
      4 days ago 0
      99
    • Global Tech Roundup: NASA’s Perseverance Rover Touchdown on Mars
      Global Tech Roundup: NASA’s Perseverance Rover Touchdown on Mars
      4 days ago 0
      90
  • Women in Tech
  • Videos
  • Contact Us
Go to...

    Opera’s New OPay Mobile Money Fintech Startup Now Has 20,000 Agents in Nigeria

    Idris AbubakarIdris Abubakar
    May 21, 2019
    Opera’s New OPay Mobile Money Fintech Startup Now Has 20,000 Agents in Nigeria

    Fintech platform, OPay (Opera Pay), has announced it now has over 20,000 agents in Nigeria. The news signals that the mobile money company could be in a fantastic growth phase. It reached the new milestone just a month after it crossed 10,000 agents.

    Yippee!!! We are excited to tell you we reached 20 Thousand Agents today! We're incredibly thankful to every agent who has chosen us as their preferred Mobile Money Platform. 💃#OPay #MobileMoney #AgentBanking pic.twitter.com/kGznt4VrsJ

    — OPay (@OPay_NG) May 16, 2019

    OPay Mobile Money is perhaps the latest fintech solution thriving in the Nigerian ecosystem. The platform allows users transfer money, pay electricity bills and buy airtime easily. This sounds pretty much like every other payment solution in the market.

    However OPay has one key distinguishing feature. It allows users operate OPay accounts like regular bank accounts. With just their phone numbers, users can send and receive money from any bank in Nigeria.

    The startup also has plans to provide users with ATM cards, allowing them make transactions via platforms like the web and POS.

    These are huge features, transforming the payment company into a formidable digital bank. Developing a sophisticated digital banking solution has been a key desire of many Nigerian banks and fintech startups. But only few have come close. Wema Bank’s Alat and the rebranded Paylater (now Carbon) are the two closest things to formidable banking solution in Nigeria.

    https://technext.ng/wp-content/uploads/2019/05/902ecbbd5402fcd2c33df502f378a441-opay-transfer.mp4

    But OPay Mobile Money is not far behind.

    Owned by world famous browser maker, Opera Softwares, the fintech emerged on the scene in 2018. The platform originally operated in Nigeria as PayCom, and was owned by Telnet Nigeria. However, following a CBN draft which proposed to increase the financial requirements of fintech companies, PayCom was on the verge of collapse.

    But in May 2018, Opera Softwares acquired PayCom and rebranded it as OPay, the same name as the mobile money solution it unveiled in Kenya.

    The platform is Opera’s flagship fintech solution. In 2017, Opera unveiled plans to improve financial inclusion and the digital economy of Africa. It announced $100 million funding in order to achieve this by 2020. Opera has dedicated $40 million of this sum just for the Nigerian market alone.

    9 months ago, like many businesses today, we brought to reality what we dreamt about. That dream was seamless payment of bills, subscription services; transfer & withdrawal of funds. 9 months on, are we fulfilling our dream? We asked our agent Mutiu. #OPayNigeria pic.twitter.com/RIubrnXBEm

    — OPay (@OPay_NG) May 9, 2019

    That’s a huge commitment within such a short period of time. But it helps explain the quick growth in the number of its agents in Nigeria.

    Agents of the company serve as secondary access point for users to explore its services. With their physical presence, the agents provide users with POS and other services for their convenience. The move is also a good marketing strategy.

    For one thing the company is encouraging people who already have physical shops and businesses to sign-up as agents. As such, the commissions they earn is supplementary to their current incomes. Yet it allows the fintech startup to have its marketing materials present in even the most remote locations.

    With serious cash at hand, OPay Mobile Money could become one of the fastest growing fintech solutions in Nigeria soon.


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


    SUBSCRIBE

    Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


    Comments

    Share :
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • Linkedin
    • Email
    Idris Abubakar

    Idris Abubakar

    Abubakar Idris has interests in all things web, business and tech innovations. I write to inform.

    Onefi is Expanding Carbon
    Next article
    Onefi is Expanding Carbon’s Digital Banking Services to Ghana
    4 Technology Tools You Can Employ for Your Under 5-Year Old Child
    Previous article
    4 Technology Tools You Can Employ for Your Under 5-Year Old Child’s Learning

    Related Posts

    • Stories, Uncategorized 8 months ago

      NCDC Launches Online Course To Increase Prevention And Control Knowledge Of COVID-19

      NCDC Launches Online Course To Increase Prevention And Control Knowledge Of COVID-19
      Uncategorized 8 months ago

      How to Maximise Time to Improve Your Productivity as a Business Owner

      How to Maximise Time to Improve Your Productivity as a Business Owner
      Uncategorized 8 months ago

      COVID-19 Roundup; Redeemers University Develops 30-Minute Test Kits, Hajj Cancelation and Others

      COVID-19 Roundup; Redeemers University Develops 30-Minute Test Kits, Hajj Cancelation and Others
    • Uncategorized 9 months ago

      Helios Towers to Invest $450 Million Of $1 Billion Raised for Expansion Into Sub-Saharan Africa

      Helios Towers to Invest $450 Million Of $1 Billion Raised for Expansion Into Sub-Saharan Africa
      Uncategorized 9 months ago

      KudaBank Launches ‘Kuda for Web’ to Enable Customers See Their Money Like Never Before

      KudaBank Launches ‘Kuda for Web’ to Enable Customers See Their Money Like Never Before
      Uncategorized 9 months ago

      Techpoint Africa and Ventureburn Unveil New Partnership on Content Sharing and Intelligence Report

      Techpoint Africa and Ventureburn Unveil New Partnership on Content Sharing and Intelligence Report

    Bitcoin Recent Prices

    Brandest

    Sign up for Newsletters

    Popular News

    • Hiked Prices vs Reduced Content: Is this a Good Time to Break DSTv’s Dominance?
      Hiked Prices vs Reduced Content: Is this a Good Time to Break DSTv's Dominance?
      August 6, 2018 0
    • China’s Xiaomi Partners Jumia as it Officially Enters the African Market
      China's Xiaomi Partners Jumia as it Officially Enters the African Market
      March 6, 2019 0
    • Young Nigerians are Demanding Access to their Pension Funds as Alternative Funding Options; Will PFA’s Be Up to the Task?
      Young Nigerians are Demanding Access to their Pension Funds as Alternative Funding Options; Will PFA's Be Up to the Task?
      10 months ago 0
    • NCC to Withdraw Infracos’ Licences if They Fail to Roll-out Services Within 1 Year
      NCC to Withdraw Infracos' Licences if They Fail to Roll-out Services Within 1 Year
      April 18, 2018 0
    • Publiseer Announces Expansion into Ghana as First Foray into International Markets
      Publiseer Announces Expansion into Ghana as First Foray into International Markets
      August 24, 2018 0

    Follow Us

    Latest Tweets

    • technextdotng New post: Microtraction Announces $25,000 Investment in Raise, its First Venture in 2021 https://t.co/4PfPA63XD5
      about an hour ago
    • technextdotng @aforisms_ 🙌 https://t.co/9c319EXhe2
      about 5 hours ago
    • technextdotng RT @aforisms_: @technextdotng I am not understanding what you are thinking... @technextdotng https://t.co/EfArlwnIw1
      about 5 hours ago
    • technextdotng New post: The Deficient State of Broadband Infrastructure in Nigeria and the Way Forward https://t.co/vi7UrcF7ay
      about 6 hours ago

    Instagram

    technextdotng

    Technext.ng is the go-to site for news, reviews and insightful analysis in the Nigerian tech space.
    http://ow.ly/ayTM30mSlGS

    Seems Spotify is here to take the crown. Which of Seems Spotify is here to take the crown.

Which of the platforms do you currently use?
Will you be making a change?
#Spotify #Music #YouTube
    Popular music streaming platform, Spotify has fina Popular music streaming platform, Spotify has finally expanded to Nigeria and several other African countries.

The company announced the expansion on Monday during its Stream On event for creators and partners. As the platform rolls out, music lovers in new markets will get to access content on mobile apps and in the browser. Apps for TV, consoles, speakers, wearables, and cars will be launched in the “coming months”.

Will you use the app now that is legally available?
.
.
.
.
.
.
#dj #radioshow #podcast #electronic #dance #music #progressive #pro #Spotify #Nigeria #Africa #music #love #hiphop #art #rap #musician #singer #rock #life #dance #photography  #song #guitar #happy #style #producer #fashion #newmusic
    It takes courage to know yourself well enough to c It takes courage to know yourself well enough to choose where your energy comes from and goes to. 
#TechNext #MondayMotivation #mondaythoughts
    Love is in the air! On this episode of #SteetTec Love is in the air!

On this episode of #SteetTech we ask people what their experience was dating people online.

Full video in bio

#ValentinesDay #Valentine #Dating #Love #ValentinesDay #Love #Romance #TechTips #TechSupport #valentine #valentinegift #valentines #valentineday
    You do not know if that courage you take now can c You do not know if that courage you take now can change your whole day, whole life, or the world at large.

Summon that courage today.
#WeAreTechnext #MondayMotivation
    Love is in the air! On this episode of #SteetTec Love is in the air!

On this episode of #SteetTech we ask people what their experience was dating people online.

Full video in bio

#ValentinesDay #Valentine #Dating #Love #ValentinesDay #Love #Romance #TechTips #TechSupport #valentine #valentinegift #valentines #valentineday
    Load More... Follow on Instagram

    Random News

    • Social Media Roundup: Chimamanda is Upset that Hillary Clinton’s Twitter Bio Begins with ‘Wife’
      Social Media Roundup: Chimamanda is Upset that Hillary Clinton's Twitter Bio Begins with 'Wife'
      April 27, 2018 0

      On our Social Media Roundup for this week, a lot stories had left the social media space ...

      Read More
    Copyright 2020 technext.ng | Privacy Policy | Media Policy