A Bolt driver in Nigeria will likely ask you to pay via OPay at the end of a trip, while a local store is more likely to have a Moniepoint terminal at its checkout. Both fintechs, which hold microfinance banking licences, have become synonymous with scale in Nigeria’s payments market, carving out niches in consumer payments and merchant processing.
In 2025, Nigeria processed more than ₦1.2 quadrillion ($880.51 billion) worth of electronic transactions. Moniepoint and OPay accounted for a significant share of this activity, processing a combined $644.85 billion.
Moniepoint said it processed 14 billion transactions worth ₦412 trillion ($286.85 billion at ₦1,436.31/$ as of December 31, 2025) in 2025. OPay processed 62.3 billion transactions worth $358 billion. OPay processed 4.45 times as many transactions as Moniepoint, but Moniepoint’s average transaction value was $20.49, approximately 3.56 times OPay’s $5.75.
Moniepoint said it serves more than 20 million businesses and individuals, while OPay reported 50.1 million monthly active users.
These numbers offer a window into the operating economics of both companies: who moves more money, who makes more money from moving it, and who keeps more of what they make?
It is important to note that Moniepoint operates largely in Nigeria, with a recent expansion into Kenya.
