The financial technology landscape continues to evolve, and OPay is at the forefront of this transformation. In a significant acknowledgment of its impact, OPay has secured a spot on CNBC’s prestigious “Top 200 Global Financial Technology Companies” list, a testament to its dedication to making finance more inclusive through innovative technology.
Released on August 2nd, this exclusive list highlights 200 high-quality companies spanning electronic payment, digital assets, digital banking, and digital business sectors worldwide. Notable names such as Ant Group, Tencent, PayPal, Stripe, Klarna, and Revolut grace the roster, alongside emerging startups with immense growth potential. Among these remarkable contenders is OPay, a rising star in the fintech sphere.
This recognition isn’t just a mere accolade; it reflects OPay’s commitment to excellence and its impact on the financial landscape. CNBC collaborated with the independent research firm Statista to curate this list. Over 1,500 companies from nine diverse market segments underwent rigorous evaluation based on key performance indicators like business model, revenue, and user base.
The selection process was stringent, with a scoring model developed by Statista to determine the highest performers in each segment. OPay’s inclusion is a testimony to its standout performance, innovative approach, and dedication to transforming financial services for the better.
Since its establishment in 2018, OPay has been a pioneer in using AI and big data-driven fintech solutions to provide payment, digital wallet, and other financial services to emerging markets in Africa and Asia. Its coverage extends to countries like Nigeria, Egypt, and Pakistan. Within a short span of time, OPay has established itself as a formidable fintech unicorn, driving inclusive finance in regions with limited access to traditional banking services.
With nearly 40 million registered users and a transaction volume of $50 billion in 2022, OPay’s impact is undeniable. Its strategic partnership with MasterCard, formed in May 2022, aims to accelerate the global progress towards inclusive finance by enhancing interconnected payment ecosystems.
The international media has taken note of OPay’s achievements, with Forbes recognizing its innovative solutions for the Middle East and North Africa region. CNN featured OPay as a trailblazer in Africa’s business transformation, spotlighting its efforts in Nigeria’s development.
OPay’s success story is a blend of dedication, innovation, and a commitment to enhancing economies. As the digital economy gains momentum in Pakistan, OPay’s fintech technology is poised to play a pivotal role in driving “decashisation” and accelerating digital transformation. Its recent interaction with Mr. Arif Alvi, the President of Pakistan, underscores its dedication to supporting Pakistan’s digital banking development through AI technology.
OPay’s journey is a testament to its team’s innovative spirit and its determination to create solutions that empower economies and individuals alike. As the future unfolds, OPay’s influence on the fintech landscape is set to grow, leaving an indelible mark on the financial world.
