OPay and Moniepoint processed $645B in 2025—here's what their diverging strategies mean for your wallet

Nigeria's two largest fintechs processed a combined $644.85 billion in electronic transactions in 2025, but they're playing different games. OPay moved $358 billion across 62.3 billion transactions—mostly small, frequent consumer payments averaging $5.75 each. Moniepoint handled $286.85 billion across 14 billion transactions, with each averaging $20.49, reflecting its merchant-heavy base of 20 million businesses and individuals.

OPay disclosed $536.25 million in 2025 revenue (0.15% of transaction value) and $110.79 million pre-tax profit (20.66% margin). Nearly half its revenue—$260.3 million—came from lending, which grew 264% year-over-year to 4.6 million borrowers. But credit loss provisions jumped to $121.3 million (46.6% of loan revenue), signaling rising risk.

Moniepoint doesn't publish revenue, but at OPay's yield its volume would imply ~$430 million. It disbursed over ₦1 trillion ($696 million) in business loans in 2025, up from $71 million in 2023, claiming borrowers see 36% transaction growth post-loan.

The CBN's June 2026 rule caps merchant-acquiring share at 15% for any player controlling over 25% of consumer issuing—a direct constraint on both companies' expansion strategies.

With OPay deriving 88% of revenue from Nigeria and Moniepoint still Nigeria-centric, their next moves will shape how you pay, borrow, and run a business. Will you trust a platform where lending drives profits, or one built on merchant cash flows?

SOURCE: https://techcabal.com/2026/11/11/opay-moniepoint-fintech-economics/