Singapore's OPay Files for Initial Public Offering on NYSE

Key Facts

1Singapore-based digital payment company OPay has filed for an initial public offering on the New York Stock Exchange.

2The company reports strong profits from its digital payment services in underbanked markets, specifically Nigeria.

Singapore-based digital payment company OPay has filed for an initial public offering on the New York Stock Exchange. Benzinga reported that the fintech firm, which specializes in serving underbanked populations, aims to access global capital markets through this listing.

The company reports strong profitability driven by its digital payment services in emerging markets, with a specific focus on its successful operations in Nigeria. This move to go public follows a period of sustained growth in its core financial technology business.