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.
PalmPay rolls out Verve debit cards as Nigerian fintechs shift to local providers
PalmPay launched its first debit card in partnership with Verve, marking a significant evolution in its services. The debit card launch follows a partnership with AfriGo to distribute five million contactless payment cards across Nigeria.
Nigeria records largest global drop in cash usage as digital payments surge
Nigeria recorded a 59% decline in cash transactions from 2014 to 2024, the steepest among seven major economies. Electronic transactions in Nigeria surged by 16-fold (1,514.2%) between 2018 and 2024.
PalmPay Leads the Charge in Bringing Contactless Payments to Nigeria
PalmPay is launching tap-to-pay functionality in collaboration with CashAfrica to enhance digital payments in Nigeria. The pilot phase will begin with 1,000 POS terminals, with a nationwide rollout planned for March.
GTBank waives processing fees on POS terminals to boost merchant adoption
GTBank waives processing fees on POS transactions for businesses. The initiative took effect on February 11, 2025.
