Opera Software, owners of the popular Opera Mini and web browser are making moves to expand their recently announced mobile payment service, the Opera Pay, to Nigeria. It was revealed that to achieve the Nigeria expansion, the company is at the concluding stages of talks to acquire a majority stake in Paycom, a mobile payment platform owned by Nigeria’s Telnet Group.
This acquisition among others, would allow Opera Pay to acquire an operating license which is a prerequisite for operating a payment service in Nigeria.
According to reports an agreement (and probably announcement) could be made public by June 2018.
Opera is aiming to leverage on the deal to expand its payment service to Nigeria – a country that has consistently been of major interest to Opera Software in Africa.
The company is going to be pitching this as part of its expansion strategy in Africa.
It would be recalled that in 2017, developer Opera announced that it will invest $ 100 million on the African continent over the next two years.
Richard Monday, the vice president of Opera Software Africa said at the time that a large part of these funds, $40 million, will be invested in Nigeria.
