OPay
OPay is a Central Bank of Egypt-licensed digital payment platform serving 300,000+ mobile money merchants and millions of consumers across all 36 Egyptian states through mobile bill payments, POS terminals, BNPL, and a digital checkout gateway.
- Company typePrivate
- Founded2018
- HeadquartersCairo, Egypt
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingSoftware
What OPay does
OPay, operating as OPay Digital Services Limited, is a Central Bank of Egypt-licensed digital payment services provider headquartered in Cairo and launched in June 2018. The company has built a nationwide footprint across all 36 Egyptian states, serving 300,000+ mobile money merchants and millions of consumers with a multi-product financial services platform. Its core technology integrates a mobile application, POS hardware, bill payment aggregation, and a digital checkout gateway, enabling both consumer-facing financial services and merchant-facing payment acceptance.
The product portfolio comprises OPay App (mobile bill payments across 1,000+ services including gas, water, telecom, internet, and recharges), OPay Now (buy-now-pay-later installment service, partnered with Valu), OPay Checkout (digital payment gateway for websites, businesses, and delivery services with claimed global coverage), OPay POS (smart POS acceptance machines), and OPay POS-Bill Payment (free bill payment service for merchants). The platform's underlying technology emphasizes interoperability (card network integrations with Mastercard, Visa, Meeza, and National), miniaturized POS hardware, and cost-efficient bill payment aggregation.
The business model combines multiple revenue streams: transaction fees on POS and digital checkout processing, hardware sales of POS terminals, interest or merchant fees on installment financing via OPay Now, and affiliate/commission revenue from aggregated bill payment services. Go-to-market is product-led, relying on self-serve app downloads, app store presence, and social media channels, with direct merchant engagement for POS hardware deployment. Merchants are primarily small mobile money agents, while consumers and e-commerce businesses round out the customer base.
OPay firmographics
Firmographics- Name
- OPay
- Legal name
- OPay Digital Services Limited
- Website
- https://opayeg.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- OPay is a Central Bank of Egypt-licensed digital payment platform serving 300,000+ mobile money merchants and millions of consumers across all 36 Egyptian states through mobile bill payments, POS terminals, BNPL, and a digital checkout gateway.
- Ownership category
- akta.pro rank
OPay industry classification
Industry- Product category
- Mobile Payments
- akta.pro primary industry
- POS Terminal Hardware (Countertop, Mobile, PIN Pads) (FSAMADAA)
- akta.pro secondary industries
- POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC), Third-Party POS Installment Financing Platforms (FSAKAFAB), POS-to-Online Unified Payments (Omnichannel Payments) (CRAFALAL), EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG)
Keywords
Where OPay is headquartered
LocationHeadquarters
- HQ city
- Cairo
- HQ country
- Egypt
- HQ region
- Africa
Offices1 record
Markets served
OPay business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Payment Processing: Transaction fees from processing digital payments through OPay Checkout, POS, and app-based transactions for merchants and consumers
- POS Hardware Sales: Sale of smart POS machines to merchants for payment acceptance
- Installment Financing: Revenue from OPay Now installment service, likely through interest or merchant fees on facilitated purchases
- Bill Payment Services: Commission-based revenue from bill payment aggregation across 1000+ services including telecom, utilities, and internet
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | OPay POS Bill Payment - Free bill payment services |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels3 records
OPay product offering
Product offeringCore offering
OPay provides a suite of digital financial services through its mobile app, payment gateway, and POS hardware. Consumers use the OPay App to pay bills (gas, water, telecom, internet, recharge) across 1,000+ services and to buy items via installment plans through OPay Now. Merchants deploy OPay POS terminals to accept card payments and use OPay POS Bill Payment to offer free bill-payment services to customers, while online businesses integrate OPay Checkout as a digital payment gateway with global coverage.
Product overview
OPay is a multi-product financial services platform offering a portfolio of digital payment solutions. The core offerings include the OPay App for mobile bill payments, OPay Now for installment financing, OPay Checkout as a digital payment gateway for online businesses, OPay POS for physical point-of-sale payment acceptance, and OPay POS- Bill Payment for bill payment services via POS terminals. The products work together to serve both consumers (app-based bill payment and installments) and merchants (payment acceptance and collection), with services covering over 1,000 bill payment options.
Differentiator
Problem solved
Functional benefit
Brands
- OPay App: All-in-one financial app for paying bills including gas, water, telecom, internet, and recharge services
- OPay Now
- OPay Checkout
- OPay POS
- OPay POS - Bill Payment
Products and services
- OPay App All-in-one mobile financial application that allows individual users to pay household bills anytime, anywhere, including gas, water, telecom, internet, and mobile recharge services.
- OPay Now Installment payment service that enables consumers to purchase items and pay through customized monthly installments that fit their budget.
- OPay Checkout Digital payment gateway offering global coverage that enables websites, online businesses, stores, and delivery services to accept and send digital payments.
- OPay POS Business-centric point-of-sale solution comprising reliable smart acceptance machines used by merchants for payment collection.
- OPay POS - Bill Payment Bill payment service accessible through OPay POS terminals, offering access to over 1,000 services free of charge, with no insurance coverage and credited balance.
Quantifiable outcome
- 300,000+ mobile money merchants served across 36 states
- +1 more outcomes
Companies that use OPay
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
OPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
OPay partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- National (National Cards)corePayment network integration for national card processing in Egypt
- BankcoreBanking integration for fund transfers and financial transactions
- MastercardcoreInternational payment network enabling global card acceptance
- VisacoreInternational payment network enabling global card acceptance and transactions
- MeezacoreEgyptian payment network and card scheme for local transaction processing
- TikTokminorSocial media marketing partnership for brand promotion and user acquisition
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
OPay competitors and assessment
Company assessmentDirect peers
- Fawry: Fawry is Egypt's largest listed fintech, operating bill-payment aggregation, POS acquiring, and merchant payments. It is the most direct competitor to OPay across POS, bill pay, and e-commerce gateway services within Egypt.
- Paymob: Paymob is an Egyptian payment gateway and acquiring platform serving online merchants and SMEs with POS and checkout products. It directly competes with OPay Checkout and OPay POS in the Egyptian market.
- Vodafone Cash: Vodafone Cash is a mobile money service in Egypt operated by Vodafone Egypt, providing person-to-person transfers, bill pay, and merchant payments. It competes with OPay App and OPay POS for consumer and agent transactions.
- Orange Money Egypt: Orange Money is the mobile money arm of Orange Egypt, offering transfers, bill payments, and merchant collections. It directly overlaps with OPay's consumer wallet and agent services in Egypt.
- Etisalat Cash: Etisalat Cash is the mobile money service of e& Egypt (formerly Etisalat), providing transfers, bill payments, and merchant payments. It competes with OPay for Egyptian consumer and agent transaction volume.
- MNT-Halan: MNT-Halan is an Egyptian fintech providing payments, BNPL, and small-business lending through an agent network. It overlaps with OPay across consumer payments, BNPL via OPay Now, and agent-led merchant services.
Emerging players
- Telda: Telda is an Egyptian digital bank/wallet offering bill payments, transfers, and consumer cards. It targets the same underbanked Egyptian consumer base as OPay App, though with a stronger app-first digital brand.
- bKash: bKash is a leading mobile financial services platform in Bangladesh combining consumer wallet, agent network, bill payment, and merchant payments. It is a useful comparable for OPay's model of large-scale agent distribution plus bill aggregation in an emerging market.
- Kaspi.kz: Kaspi.kz is a Kazakh super-app combining payments, marketplace, BNPL, and merchant services. While in a different geography, it is a useful benchmark for how an emerging-market payments platform can expand into credit and merchant acquiring at scale.
Regional players
- OPay (Opera/Opera Pay Nigeria): OPay Nigeria is a separate, Opera-affiliated mobile money and merchant payments platform serving Nigeria and other West African markets. It is comparable by product set (wallet, POS, BNPL, merchant acquiring) but operates in a different geography from the Egyptian OPay entity described here.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
OPay social profiles
Digital presenceOPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
OPay leadership team
Management profileNumber of profiles
OPay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OPay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OPay
What does OPay do?
OPay provides a suite of digital financial services through its mobile app, payment gateway, and POS hardware. Consumers use the OPay App to pay bills (gas, water, telecom, internet, recharge) across 1,000+ services and to buy items via installment plans through OPay Now. Merchants deploy OPay POS terminals to accept card payments and use OPay POS Bill Payment to offer free bill-payment services to customers, while online businesses integrate OPay Checkout as a digital payment gateway with global coverage.
Is OPay a public or private company?
OPay is a private company. It is classified as unknown and is currently operating.
When was OPay founded?
OPay was founded in 2018. It employs 1,001 to 5,000 people.
Where is OPay based?
OPay is headquartered in Cairo, Egypt, in the Africa region.
How does OPay make money?
Four revenue lines are on record. Payment Processing is the primary driver. The others are POS Hardware Sales, installment Financing and bill Payment Services.
Who are OPay's main competitors?
Direct peers on record are Fawry, Paymob, Vodafone Cash, Orange Money Egypt, Etisalat Cash and MNT-Halan. Emerging players are Telda, bKash and Kaspi.kz. OPay (Opera/Opera Pay Nigeria) is listed as a regional player.
Does OPay have an API?
No public API is recorded for OPay.
What industry is OPay in?
OPay's product category is Mobile Payments. Its primary akta.pro industry code is FSAMADAA, POS Terminal Hardware (Countertop, Mobile, PIN Pads), with a secondary code of FSAMADAC, POS Payment Software & Middleware (Terminal OS, Apps, Device Management).