Standard Bank Eyes 4.99% Stake in OPay as Fintech Plans to List on New York Stock Exchange
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Bank plans to invest $200 million
Nigerian operations account for 89.5% of Opay’s first-half year revenue
Emmanuel Addeh, James Emejo in Abuja and Nume Ekeghe in Lagos
South Africa’s Standard Bank Group is seeking to secure up to a 4.99 per cent stake in Nigerian-focused fintech OPay for a maximum investment of $200 million, placing a major African banking institution at the centre of the digital payments company’s proposed New York Stock Exchange (NYSE) listing.
Nigerian operations account for 89.5% of Opay’s first-half year revenue
Emmanuel Addeh, James Emejo in Abuja and Nume Ekeghe in Lagos
South Africa’s Standard Bank Group is seeking to secure up to a 4.99 per cent stake in Nigerian-focused fintech OPay for a maximum investment of $200 million, placing a major African banking institution at the centre of the digital payments company’s proposed New York Stock Exchange (NYSE) listing.
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