Miyachi:

When you have infinite funding from Softbank what do you expect. I don't think any Nigeria bank can stand besides them in terms of funding.

They have funding yes but it's not infinite.
It's not just about funding but doing the basic things right. You will use a Nigerian bank app for transaction and you will still be praying for nothing to go wrong, simple transactions became like rocket science coupled with multiple unethical charges.
Opay got the basics right that's it. 1st Bank, GTB, Zenith etc have enough funds to run proper banking services but the bottled it. Opay uses it's app and ussd for transactions without having branches all over but still offering better services than all these agbaya banks.

Difrent:


How, do they dash people money?

Bro thier services are top-notch and seamless.
Who still take Nigeria banks serious these days when opay is there.
I remember one day when my gt bank app almost made them to embarrass.

Very unpatriotic element

Zonefree:
Opay remains undefeated.

All these mushroom banks like GTbank, Firstbank, Eco bank, etc shouting swallow their pride and emulate Opay.

Promismike:
Banking in opay is a risk. Anything online is a risk.

OPAY have physical offices in Lagos, Abuja, Port Harcourt, Kano, Ibadan, Warri, visit their website to confirm

One mind dey tell me say tinubu dey use opay.😂

edenex:


They do

Really, does it have banks kind of look

Hmmmmm

Make opay open branches and pay out cash not using other Banks established assets to pay cash to it's customers.

ItisWell22:


Thought I was alone.
I’m so scared of that name. 😢

And the explosion happens when people least expect it, with so much trust garnered…

I had a mistake transferring to a wrong account. (Instead of adding 8 at the suffix I pressed 9. Na so money take go. Of course I started calling numbers but they keep referring to an office that had no one in it. Luckily I called the number and the guy picked. Far away Ibadan but the guy was nice to me and told me he’ll send the money back, I told him to take 30k. At all at all na witch. Some people will never refund. Since then before I make a transfer you must have a designated bank with Nigerian base and office.

Tradepunter2:
All these useless paid opay agent up there..... You think serious biznes minded people use opay? You must be daft..... Keep fooling yourselves

opay does not have a full commercial banking licence, hence there is a limit to the kind of banking services it can render.

blacknp:
By valuation, it means asset base, not funding.

Well, Opay is a private company and "asset base" can mean anything. One thing I've learnt with startups is that till they're acquired and another party has the opportunity to audit their financials, you take whatever they put out with a grain of salt. (Or a handful)
So, yeah, I believe SoftBank is what gives them there current credibility.

Tradepunter2:
All these useless paid opay agent up there..... You think serious biznes minded people use opay? You must be daft..... Keep fooling yourselves

business minded? if you are a business person making loads of payment, you'd not even utter this balabu.
you think it's by employing people to wear suit and tie everywhere and offer poor digital services?

gigabyte13:
Wahalaaaaaa don dey ooooo
Opay keh
Opay of yesterday....
Shame
Shame
Shame to all those everywhere, every corner bank...
But Sterling bank no dey oooooooooooo
Shey l no go go comot my money from there so.....

that shows the level of poor service delivery by our offline commercial banks. it is the advent of online banking that is making some of them buckle up, that is why many are secretly fighting opay by not allowing transfer to opay account.

jiz:
Opay is low budget bank and cannot be in the class of Access and Zenith. Only the greedy dey use opay wetin be opay without fast interest, zero transfer and awuf airtime and data bonus.
Can you put your lifesaving on Opay?

your lifesaving should not be in any bank, it should be in an investment portfolio.

DeepSight:
Nice how fast the transfers are, but this thread is no doubt just a creation from their marketing department.

do u know how much opay has raised from investors as a business, do u know the venture capitalists backing opay?

https://www.google.com/url?q=https://techcrunch.com/2021/08/23/african-fintech-opay-valued-at-2b-in-softbank-vision-fund-2-led-400m-funding/&sa=U&ved=2ahUKEwjm6LKl7b-FAxWHhv0HHegWDqcQFnoECAIQAg&usg=AOvVaw0pEuQ43ICt8apgZG_fkqQ1

400 million dollars is more than what banks are required to raise in their new recapitulation by the central bank.

No wonder all these orthodox banks are beefing these online banking. Now they have refused to allow transfer of money from their banks to any online banks giving network as excuses.

TheOgaBoss:
do u know how much opay has raised from investors as a business, do u know the venture capitalists backing opay?

I have no doubt, but it can't be the number one financial institution in Nigeria by ANY valuation.

ANY.

And yet they are on top. Dey play..

Tradepunter2:
All these useless paid opay agent up there..... You think serious biznes minded people use opay? You must be daft..... Keep fooling yourselves

DeepSight:


I have no doubt, but it can't be the number one financial institution in Nigeria by ANY valuation.

ANY.

https://www.google.com/url?q=https://techcrunch.com/2021/08/23/african-fintech-opay-valued-at-2b-in-softbank-vision-fund-2-led-400m-funding/&sa=U&ved=2ahUKEwjm6LKl7b-FAxWHhv0HHegWDqcQFnoECAIQAg&usg=AOvVaw0pEuQ43ICt8apgZG_fkqQ1

400 million dollars is more that what cbn is asking commercial banks to raise in the bank recapitulation newly introduced by the cbn

TUANKU:

They have funding yes but it's not infinite.
It's not just about funding but doing the basic things right. You will use a Nigerian bank app for transaction and you will still be praying for nothing to go wrong, simple transactions became like rocket science coupled with multiple unethical charges.
Opay got the basics right that's it. 1st Bank, GTB, Zenith etc have enough funds to run proper banking services but the bottled it. Opay uses it's app and ussd for transactions without having branches all over but still offering better services than all these agbaya banks.

You have to consider too that oPay is a private company and startup so they can move fast and break things. For a Nigerian public company the NSE and it's investors aren't so forgiving. They might not really have as much money as you may believe to play around.

I say infinite funding because if SoftBank puts in $1billion into oPay, even if you have the most clueless CEO, it'll still take you a long way. (They put in $16billion into WeWork and I believe that isn't even their largest investment.) So, yes, infinite funding because if SoftBank believes oPay can be profitable and they need more money, they'll do more funding rounds.

udemzyudex:

You no get talk.

I don hear you Agent

Tjra:

I don hear you Agent

🤡

Antoeni:
Nigeria's Largest Banks by Valuations

1. Opay - $2 billion

2. Zenith Bank - $1.1 billion

3. GT Bank - $1.083 billion

4. First Bank - $834 million

5. UBA - $690 million

6. Access Bank - $642 million

7. Stanbic Bank - $562 million

8. Ecobank - $516 million


AfricaFactsZone

This is damage control by Opay, I guess this is a direct response to a video that trended this week.
The said video is a bad press for Opay, hence you their influencers shouting Opay is the best upandan.

bitbillionaire:
Did I just see Opay there? Nigerian banks still have a long way to go sha. Looking at the total value of all these banks, the 3rd largest bank in South Africa can swallow all these banks

The info in the OP is fake.

TheOgaBoss:
https://www.google.com/url?q=https://techcrunch.com/2021/08/23/african-fintech-opay-valued-at-2b-in-softbank-vision-fund-2-led-400m-funding/&sa=U&ved=2ahUKEwjm6LKl7b-FAxWHhv0HHegWDqcQFnoECAIQAg&usg=AOvVaw0pEuQ43ICt8apgZG_fkqQ1

400 million dollars is more that what cbn is asking commercial banks to raise in the bank recapitulation newly introduced by the cbn

And so what. Who told you the top banks will have an issue with that.

Opay has almost zero assets not to talk about investments and securities. Forget it, there is no comparison. It can never be the top financial institution in Nigeria no matter how much they pay you to say so online.

Rubyjade:
They changed the landscape in banking in Nigeria. Opay

This opay too much,
First bank they struggle ni, 2 Billion what? On just Online and no issues. Gbefun!

DeepSight:


And so what. Who told you the top banks will have an issue with that.

Opay has almost zero assets not to talk about investments and securities. Forget it, there is no comparison. It can never be the top financial institution in Nigeria no matter how much they pay you to say so online.

facts don't lie oga 400 million in dollars of far more liquid capital than any bank in Nigeria has. and yes, since u mentioned it many of our banks are having problems raising the capital, that is y many are considering mergers.

TheOgaBoss:
facts don't lie oga 400 million in dollars of far more liquid capital than any bank in Nigeria has.

Enjoy your tomfoolery and go buy a beer with what tip they have given you. Good night.

But Opay be microfinance bank now. Shebi na artisans,illiterates and everyone after their loan dey use am. Me I don't believe Opay big pass GTB,firstbank,union bank

Opay is bae

guess Palmpay is faster than Opay. But they are both okay sha. I can't just imagine what I've passed through in the hand of GTB.

I guess Palmpay is faster than Opay. But they are both okay sha. I can't just imagine what I've passed through in the hand of GTB. [/quote]