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NEW YORK, Oct. 30, 2026 /PRNewswire/ — OPay Limited ("OPay" or the "Company"), a digital financial platform built to address the challenges of emerging markets, today commences trading under the ticker "OPAY" of its American Depositary Shares ("ADS") on the New York Stock Exchange ("NYSE").
Lars Boilesen, Co-Chief Executive Officer of OPay, said:
"Today is a significant moment for OPay and Nigeria, where we launched OPay in 2018. Since then, we have pioneered seamless digital payments to become the country’s leading digital financial platform, serving over 50 million users across Nigeria, Egypt, Pakistan, and Indonesia. I’d like to thank our employees, partners, and customers for their trust and commitment in what we are building together, and we will continue to further our mission of using technology to advance financial inclusion."
Stephen Wen, Co-Chief Executive Officer of OPay, said:
"As the #1 finance app by users across Africa and the Middle East, OPay is positioned to grow across large emerging markets with young, digital-first populations with rising smart phone penetration. In Nigeria, more than 60% of the population are underserved by traditional banks and rely on cash. As we grow, we will stay focused on solving our customers’ pain points to make financial services accessible and convenient."
James Perry, Chief Financial Officer of OPay, said:
"OPay enters the public markets from a position of financial strength, reaching $1 billion revenue run rate in Q2 2026. For the first six months of 2026, we grew 137% year-on-year and reached 19% net margin. Our model translates high growth into profitability at scale. We are committed to deploying the proceeds of this listing with discipline by investing in the technology to drive growth in Nigeria and other markets across Africa, to deliver longer-term shareholder value."
The Company is growing beyond payments into a broader financial and lifestyle platform – offering savings, credit, and merchant services – with the ambition to serve billions of users and millions of merchants in the coming decades, generating economic opportunity and employment across the communities it serves.
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About OPay
Launched in Nigeria in 2018, OPay is an integrated digital financial platform serving over 50 million users across Nigeria, Egypt, Pakistan, and Indonesia. OPay connects millions of consumers and businesses outside the traditional banking system to payments, transfers, savings, credit, and merchant services that make everyday financial transactions simpler, safer, and more accessible. For more information, visit www.opay.ltd.
Cautions Concerning Forward-Looking Statements
This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of OPay. Risks and uncertainties include, but are not limited to: the satisfaction of customary closing conditions relating to the IPO; capital market risks; and the impact of general economic or industry conditions. For a further list and descriptions of the risks, uncertainties and other factors that affect OPay’s business, please review its filings with the Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date of this press release. OPay does not undertake to update any forward-looking statement as a result of new information or future events or developments.
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