OPay has filed to list its shares on the New York Stock Exchange under the symbol “OPAY”. The OPay IPO filing, made public on 9 October 2026, also shows for the first time how big the app millions of Nigerians use for transfers and POS payments has become: 50.1 million monthly users and a profit in 2025.
The short version
OPay’s parent company filed its listing papers with the US Securities and Exchange Commission on 9 October 2026. Nothing changes in your OPay account because of the filing, but the document answers questions the company has never had to answer in public before.
- OPay had 50.1 million monthly active users and 26.8 million daily users as of 31 July 2026, up from 16.6 million monthly users in early 2024.
- Revenue rose from $205.7 million in 2024 to $536.3 million in 2025, and Nigeria brought in 88.1% of it.
- The company moved from a $50.8 million loss in 2024 to a $72.5 million profit in 2025, then earned $90.9 million in the first half of 2026.
- The average OPay transaction in the year to June 2026 was about $6.19, or about ₦8,240 at the CBN rate of 9 October 2026.
- The share price, the number of shares and the listing date have not been set yet.
What changes for you: for your account, nothing today. Your OPay wallet, card and savings sit with OPay’s Nigerian companies, which the filing lists as licensed and supervised by the Central Bank of Nigeria (CBN). Money in a mobile money wallet is insured by the Nigeria Deposit Insurance Corporation (NDIC) up to ₦5 million per customer, and deposits in a microfinance bank up to ₦2 million, according to the limits quoted in the filing. What the listing changes is how much OPay must tell the public. A New York listing means quarterly results, disclosed risks and an outside audience watching how it treats customers.
What the OPay IPO filing says about its size
The filing, called an F-1, is the document a foreign company must publish before selling shares in the US. You can read the full OPay F-1 on the SEC website. These are the numbers that matter most for users.
- Users: 50.1 million people used OPay at least once a month as of 31 July 2026, and 26.8 million used it daily. Monthly users have roughly tripled since the first quarter of 2024.
- Transactions: 90.1 billion transactions worth $558 billion went through OPay in the 12 months to 30 June 2026.
- Loans: OPay gave out $1.56 billion in loans in Nigeria over the same 12 months.
- Where the money comes from: Nigeria produced $472.6 million of OPay’s $536.3 million revenue in 2025. The rest came from Indonesia, Egypt and Pakistan.
Our math: the average OPay payment is small
Divide $558 billion by 90.1 billion transactions and the average OPay transaction comes to about $6.19. At the CBN central rate of ₦1,330.69 to the dollar on 9 October 2026, that is about ₦8,240.
That figure explains OPay’s business better than any slogan. It is built on huge numbers of small, everyday payments: a bus fare, a recharge, a market purchase at a POS. Growth comes from more people paying more often, not from big transfers.
Revenue tells the same story. OPay’s 2025 revenue was about 2.6 times its 2024 revenue, and first-half 2026 revenue of $467.1 million was about 2.4 times the same period a year earlier.
Who owns and regulates OPay
OPay Limited is a holding company registered in the Cayman Islands and headquartered in Singapore. Its founder and chairman, James Zhou, also chairs Opera, the browser company. In Nigeria, the filing lists three regulated companies:
- OPay Microfinance Bank, a microfinance bank supervised by the CBN and the Nigeria Deposit Insurance Corporation (NDIC).
- OPay Digital Services, a mobile money operator, also under the CBN and NDIC.
- Soti Payment, which handles payment processing and POS terminals under the CBN.
Alongside the listing, a Standard Bank group company, Stanbic Africa Holdings, has agreed to buy up to $200 million of OPay shares in a separate private sale, according to the filing.
Can you buy OPay shares from Nigeria?
Not yet, because there is nothing to buy. The filing leaves the price range and share count blank, and the listing still needs NYSE approval. When it happens, OPay will sell American Depositary Shares (ADSs), the form foreign companies use to list in New York, priced in US dollars, so buying them from Nigeria would mean using a platform that offers US stocks. TechCity is not a financial adviser, and a new listing can swing sharply in its first weeks. If you are curious how buying shares online works in general, our guide on buying shares online in Nigeria covers the basics.
What the filing warns about
Every listing document lists risks, and a few in OPay’s touch users directly. The company says it relies on independent agents to open accounts, issue cards, set up POS devices and handle cash deposits and withdrawals, and that poor service by those agents could hurt its business. It also lists CBN rules on identity checks for accounts, which require a BVN or NIN on wallets.
For you, that is a reminder that the agent at the kiosk is not an OPay employee. Keep your PIN to yourself, and check that every cash deposit shows in your app before you walk away. Our guide to securing your accounts covers the settings worth turning on.
What we don’t know yet
- The share price and how much OPay plans to raise.
- The listing date.
- Whether the CBN or other Nigerian regulators will comment on the listing.
Watch for an updated filing with a price range. That is usually the sign a listing is a few weeks away.
