{"id":325655,"date":"2021-03-11T13:49:09","date_gmt":"2021-03-11T12:49:09","guid":{"rendered":"https:\/\/arewa.ng\/?p=325655"},"modified":"2021-03-11T13:50:20","modified_gmt":"2021-03-11T12:50:20","slug":"opay-sets-growth-plans-for-2021","status":"publish","type":"post","link":"https:\/\/arewa.ng\/?p=325655","title":{"rendered":"OPay sets growth plans for 2021"},"content":{"rendered":"<div itemprop=\"description\" wp_automatic_readability=\"74.615309605071\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-1418300 jetpack-lazy-image\" alt=\"COVID-19: OPay to put some business units on hold\" width=\"225\" height=\"225\" data-recalc-dims=\"1\" srcset=\"https:\/\/i2.wp.com\/www.vanguardngr.com\/inc\/uploads\/2020\/07\/Opay.jpg?w=225&amp;ssl=1 225w, https:\/\/i2.wp.com\/www.vanguardngr.com\/inc\/uploads\/2020\/07\/Opay.jpg?resize=107%2C107&amp;ssl=1 107w, https:\/\/i2.wp.com\/www.vanguardngr.com\/inc\/uploads\/2020\/07\/Opay.jpg?resize=58%2C58&amp;ssl=1 58w, https:\/\/i2.wp.com\/www.vanguardngr.com\/inc\/uploads\/2020\/07\/Opay.jpg?resize=194%2C194&amp;ssl=1 194w, https:\/\/i2.wp.com\/www.vanguardngr.com\/inc\/uploads\/2020\/07\/Opay.jpg?resize=130%2C130&amp;ssl=1 130w\" data-lazy-sizes=\"(max-width: 225px) 100vw, 225px\" src=\"https:\/\/i2.wp.com\/www.vanguardngr.com\/inc\/uploads\/2020\/07\/Opay.jpg?resize=225%2C225&amp;is-pending-load=1#038;ssl=1\"><br \/>\nNigerian payment and financial service company, OPay, has unveiled its growth plans for 2021 and beyond following a successful 2020 business year.<br \/>\nJoshua Yau, Managing Vice President for OPay in Nigeria, told the media last week that \u201camidst the pandemic, lockdown and global uncertainty, OPay had its most impactful and transformative year in 2020.\u201d<br \/>\nHe further stated: \u201cAs a payment company, it grew its total gross transaction value 4.5 times to over $2 billion in December. The point-of-sale (POS) terminals deployed in its mobile money agent and merchant network represented roughly 1\/5 of offline payments in Nigeria by year-end. Its mobile wallets have more than 2 million wallets with balances, totalling over $17 million.\u201d<br \/>\nCountry Manager, Iniabasi Akpan, said the company provided convenient access to cash and job creation, driven by innovation. <span class=\"Apple-converted-space\"> <\/span><br \/>\nHe stated: \u201cWe provided easy-to-access financial services to close to more than ten million Nigerians across the country. Our agents serve a population that is far from bank branches and ATMs, often in the outskirt of cities, suburban areas, or rural areas\u201d.<br \/>\nCommenting on the company\u2019s ride-hailing platform which was shut down in June 2020, Akpan stated: \u201cDue to the visible brand of ORide, most people gradually gained an impression that OPay is a ride-hailing company. We just want to clarify and emphasise that OPay was and remains a payment and financial service company \u2013 a Payments Fintech. \u201cOur businesses are licensed and regulated by Central Bank of Nigeria \u2013 like any established financial institutions \u2013 <span class=\"Apple-converted-space\">  <\/span>and OPay is today one of the leading Fintechs in Nigeria.\u201d<br \/>\nOn his part, VP, Payments Solutions and Corporate Partnerships, Oladipo Omogbenigun, revealed that OPay\u2019s growth plans in 2021 will rely on developing and deepening their strategic partnerships in the financial ecosystem.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nigerian payment and financial service company, OPay, has unveiled its growth plans for 2021 and beyond following a successful 2020 business year. Joshua Yau, Managing Vice President for OPay in Nigeria, told the media last week that \u201camidst the pandemic, lockdown and global uncertainty, OPay had its most impactful and transformative year in 2020.\u201d He [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":325656,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[243,16476],"class_list":["post-325655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nigeria","tag-opay"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/325655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=325655"}],"version-history":[{"count":0,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/325655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/media\/325656"}],"wp:attachment":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=325655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=325655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=325655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}