A major fintech competitor in Nigeria, known for its hybrid model combining digital banking with physical touchpoints.
UBA eyes small business market with massive pos terminal launch
UBA launched 46,000 smart PoS terminals across Nigeria under the RedPay brand. The launch aims to reclaim market share from fintechs like Moniepoint, OPay, and PalmPay.
CBN licences in Nigeria: types, costs & what fintechs should know
The Central Bank of Nigeria requires fintech startups to obtain specific licenses based on their services. The Switching and Processing Licence is essential for companies processing payments and requires a minimum capital of ₦2 billion.
Access Holdings’ Oxygen X disburses ₦152 million in loans, posts ₦805 million profit in first year
Oxygen X disbursed ₦152 million in consumer loans in 2024. The company achieved a pre-tax profit of ₦805 million in less than a year.
Opera’s Stake in OPay Valued at $258M, Suggests $2.75B Valuation for African Fintech
Opera Limited's 9.4% stake in OPay is valued at $258.3 million as of December 31, 2024. OPay's overall valuation has reached approximately $2.75 billion.
