Banking and Finance

OPay and Moniepoint Reportedly File for U.S. Banking Licence

The move would mark a historic milestone for Africa’s fast-growing financial technology sector.

OPay and Moniepoint Reportedly File for U.S. Banking Licence

OPay and Moniepoint have reportedly filed for a U.S. banking licence, according to a scoop shared by reputable tech journalist Benjamin Dada on his X page. If confirmed, the move would mark a historic milestone for Africa’s fast-growing financial technology sector. All the fintech news coming out of the world is overwhelming. Slow down, pls! - Visa has announced support for pre-funding in stablecoins - LATAM's Opay/Moniepoint has filed for a US banking licence - Brex has announced its stablecoin play. — Benjamin Dada (@DadaBen_) September 30, 2025 It'll also signals ambitions beyond the continent and into one of the world’s most highly regulated banking markets. Breaking the African Mold OPay and Moniepoint have become household names in Nigeria and across parts of Africa, powering everyday transactions through mobile wallets, point-of-sale (POS) terminals, and digital banking services. Moniepoint, formerly TeamApt, currently operates under a Nigerian Microfinance Bank (MFB)licence bu…

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Independent journalist covering tech, business, finance, and science | BSc Accounting student | He founded FinNG

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