{
  "id": 19472734,
  "title": "What OPay and Moniepoint’s numbers reveal about fintech economics",
  "url": "https://urgent.news/2026/11/11/what-opay-and-moniepoints-numbers-reveal-about-fintech-economics",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-11T08:06:53.000Z",
  "source": {
    "name": "TechCabal",
    "slug": "techcabal",
    "url": "https://techcabal.com/2026/11/11/opay-moniepoint-fintech-economics/"
  },
  "original_language": "en",
  "account": "In Nigeria, OPay and Moniepoint have become prominent fintechs, dominating the country's payments market. Operating under microfinance banking licences, these companies have carved out niches in both consumer payments and merchant processing. In 2025, Nigeria processed over ₦1.2 quadrillion ($880.51 billion) worth of electronic transactions, with Moniepoint and OPay processing a combined $644.85 billion.\n\nMoniepoint reported processing 14 billion transactions worth ₦412 trillion ($286.85 billion) in 2025, averaging $20.49 per transaction. In contrast, OPay processed 62.3 billion transactions worth $358 billion, with an average transaction value of $5.75. Moniepoint serves over 20 million businesses and individuals, while OPay reported 50.1 million monthly active users. These figures provide insights into the operating economics of both companies: who moves more money, who makes more from moving it, and who retains more of the earnings.\n\nMoniepoint's higher average transaction value could be due to its concentration on merchant payments, business transactions, or larger payments. Conversely, OPay's lower average might reflect more frequent, lower-value consumer transactions. However, the exact reasons behind the difference remain unclear, as the companies' transaction disclosures lack sufficient detail. The total value of transactions processed is not the same as the revenue earned, as it depends on fees, commissions, lending, and other income sources. OPay revealed $536.25 million in revenue in 2025, while Moniepoint does not disclose its revenue figures publicly.",
  "summary": "A Bolt driver in Nigeria will likely ask you to pay via OPay at the end of a trip, while a local store is more likely to have a Moniepoint terminal at its checkout. Both fintechs, which hold microfinance banking licences, have become synonymous with scale in Nigeria's payments market, carving out niches in consumer payments and merchant processing.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}