How Opay became the biggest fintech in Nigeria with instant payment.
Chinese-owned digital banking company, Opay, has not only become a household name in the Nigerian payment space, but has also become a revolutionary player in the African technology ecosystem, rubbing shoulders with fellow Unicorns like Chippercash, Flutterwave, and Andela, making waves across Africa.
Since Opay was founded in 2018, it has been making financial services more inclusive through technology.
But to become the biggest fintech in Nigeria with instant payment, Opay had to increase the robustness of its infrastructure to accommodate more customers that switched to its service during Nigeria’s infamous cash scarcity in the year 2022, and the failure of many financial service providers to bail Nigerians out of the mess, owing to ill-preparedness for service surge from customers.
Opay, having a large pool of human and financial resources, saw the silver lining in the dark cloud and used that moment to its advantage.
While Nigerians couldn’t get cash and their financial service providers were not delivering upon their promises, Opay users were making seamless transactions and enjoying uninterrupted service provision during those dark moments in Nigeria.
In no time, many Nigerians ported to the Opay side of life because it was one of the few reliable payment apps that were up and running then, lifting millions of Nigerians out of the pit of frustration.
In conclusion, Opay’s genuine contribution during this period by transforming and simplifying payments for Nigerians positioned it as the biggest fintech app for instant payment, making the company a market leader in Nigeria today.
