Opay, an Opera-owned Nigerian fintech start-up has recently announced its planned moved to North Africa to commence its operation in 2021, Grassroots.ng understands.
The startup recorded an increase of $1.4bn in transactions in November following a $363m in January 2020 and plans are already in the top gear for expansion.
According to Iniabasi Akpan, Opay’s Country Manager for Nigeria, who spoke about the development said:
“The process has begun, and we will see how the first quarter turns out. We plan to reach a transaction value of about $2bn by the end of this year.”