OPay, a Nigerian fintech regarded as one of Africa’s most valuable fintech startups has entered into a strategic partnership with Mastercard. The partnership will facilitate OPay customers to use the Mastercard virtual payment solution as long as they are linked to Opay wallets.
Customers can use this solution to pay for leisure, travel, accommodation, entertainment, streaming services and other products from renowned global brands.
Mastercard continues to expand its footprint in the continent by partnering with fintech startups to deliver more value to customers.
Amnah Ajmal, Executive Vice President for Market Development, Mastercard EEMEAsaid, “Our partnership with OPay demonstrates our commitment to supporting payments providers across the world to create an interconnected global payments ecosystem that benefits an array of consumers with unique needs.”
Fintech startups are working hurriedly towards financial inclusion in Africa and we’ve witnessed some of the most revolutionary ideas come to light. OPay CEO Yahui Zhou, “As the leading FinTech in the Middle East and Africa, we are delighted to be partnering with Mastercard as we continue on our journey to promote financial inclusion, helping to open up the global economy to more consumers and businesses across the Middle East and Africa,”
Zhou founded OPay in 2018 and the company now says it has nearly 15 million users across its markets. The initial phase of the Opay and Mastercard partnership will benefit customers in Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa and the UAE. It’s available to users whether or not they have a bank account.