Transaction volume has grown over 40% from January to May, both offline and online.”His position is repeated in Opera’s Q2 earnings statement. Company insiders say that OPay processed 70% of mobile money transaction value and volume in Nigeria in October 2020. But these figures are difficult to independently verify since much of Nigeria’s mobile money industry data is not publicly available. It is one of the reasons sector leadership is a controversial topic with mobile money players. Pan-African ambitionsApart from its impressive transaction volume, another thing that caught the eye in Opera’s Q3 call was OPay’s Pan-African ambitions.

Source: The North Africa Journal January 07, 2021 15:33 UTC