{
  "schemaVersion": 1,
  "contentDigest": "66c4c6338315e32478a971a543210d9b71fa1c7946c052ed85b5c60b0bc653e2",
  "id": "news-oct22-continued-ng-opay-h1-2026-lending-dominates-payments-20261013",
  "language": "en",
  "interfaceLanguage": "en",
  "url": "https://voltformer.com/news/ng-opay-h1-2026-lending-dominates-payments-20261013",
  "slug": "ng-opay-h1-2026-lending-dominates-payments-20261013",
  "category": "policy-standards",
  "publishDate": "2026-10-13",
  "sourceName": "Nairametrics (analysis of OPay SEC registration statement)",
  "sourceUrl": "https://nairametrics.com/2026/10/13/opay-earns-more-from-lending-than-payments-as-profit-hits-90-9-million/",
  "readingTimeMinutes": 1,
  "tags": [
    "Nigeria",
    "Fintech",
    "Digital payments",
    "Digital lending",
    "Credit risk"
  ],
  "content": {
    "title": "OPay’s H1 revenue rose 136.5% as lending income exceeded payments",
    "summary": "The filing showed faster lending growth alongside higher credit-loss expenses, write-offs and overdue balances.",
    "sections": [
      {
        "paragraphs": [
          "OPay’s SEC registration statement showed H1 2026 revenue of $467.06m, up 136.5% year on year, and net profit of $90.87m versus $21.71m in H1 2025. Loan income rose 167.9% to $236.12m, exceeding payment-service income of $130.55m; Nigeria accounted for about 85% of combined credit income. New loans issued in Nigeria were $927.63m versus $305.12m a year earlier, and quarterly unique borrowers rose from 3.5m to 6.7m. Expected credit-loss expenses rose 210.3% to $118.36m; OPay wrote off $113.15m in loans during H1. At June 30, $113.80m in loans and interest was overdue, equal to 27.4% of $415.33m outstanding."
        ],
        "sources": [
          {
            "name": "Nairametrics (analysis of OPay SEC registration statement)",
            "url": "https://nairametrics.com/2026/10/13/opay-earns-more-from-lending-than-payments-as-profit-hits-90-9-million/"
          }
        ]
      }
    ]
  },
  "companies": [],
  "sourceVersion": "508100c9bf7c156c56a7ad8f6e33143be5f2df7332766950b641c40c3e5cfa92"
}