OPay and Palmpay, two Chinese-owned digital banking platforms, are leading the Point of Sale (PoS) market in Nigeria, with both accounting for over a million mobile banking agents.
OPay, a fintech company that started business in 2018 following an acquisition of a local payment platform, now leads the PoS market with 563,262 agents, according to data published in Nigeria Financial Services Report by Intelpoint.