Opay revenue rises before NYSE listing

Obay, a company specializing in digital payments in Africa, announced that its revenues exceeded $467 million during the first half of 2026, more than doubling the revenue recorded in the same period of 2025, which was approximately $197.5 million. The company's net income also rose to $90.9 million compared to $21.7 million in the previous year. These figures come as the company prepares to issue its shares on the New York Stock Exchange, with participation from investors such as Stanbic Africa Holdings, and companies like Citigroup and Deutsche Bank, along with plans to later list secondary shares in Nigeria. These results underscore the rapid growth of fintech companies in Africa, especially as they meet the financial needs of a large youth demographic and provide digital services in regions underserved by traditional banking.

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