Opay Nigeria Appoints Wuritka Dauda as New MD

Opay Nigeria has announced the appointment of Gotring Wuritka Dauda as its new Managing Director. This follows the departure of Olu Akanmu from the same role last week. Gotring Wuritka Dauda will now be responsible for leading the company’s operations in the country.

While also confirming the departure of Olu Akanmu, the company made the announcement in a statement made available through its social media platform, and as seen by Technext. However, it says it is subject to regulatory approval.

“Mr Gotring, a veteran in the financial services industry, will continue to steer the Opay ship in the direction of even greater strides,” the company said.

Prior to being confirmed as the new Opay Nigeria Managing Director, Gotring Wuritka Dauda is a former director of the trade and exchange department at the Central Bank of Nigeria. He also contested for the Plateau state gubernatorial seat in the last Nigerian general elections.

Opay Nigeria is one of the largest and fastest-growing fintech companies in Africa, with over 30 million users, about 500,000 agents, and more than 300,000 merchants.

The financial technology platform became Nigeria’s fourth unicorn in 2021 after raising $400 million dollars in a round led by SoftBank. Since its inception, it has played a significant role in making payments efficient in underserved regions in Nigeria, focusing on helping emerging markets reach faster economic development.

However, the company became more prominent and popular during Nigeria’s cash crunch and remained a major topic on social media platforms during the great cash scarcity that hit the nation following the Naira redesign. According to many netizens, the platform has been a lifesaver in instances where traditional banks have let customers down.

“Opay remains committed to its goal of making financial services more inclusive with technology”, the company says.

Recently, celebrating the milestone of reaching and crossing 30 million users on its platform, the company appreciated its customers, merchants, and partners for their strong patronage, especially over the last 3 months. The fintech is currently holding a series of activities to mark its fifth anniversary in Nigeria.

“We express our appreciation to our over 30 million registered app users, 500,000 agents, and 100,000 merchants who use OPay daily to make transactions and ultimately spread OPay’s mission of shared prosperity to all.“

From the onset of its operations in Nigeria, OPay has set its sight on developing a robust infrastructure that can stand the test of time and provide excellent customer satisfaction while helping business owners meet their growth objectives.

A recent report on the Nigerian Financial Services Market by Intelpoint shows that OPay presently controls Nigeria’s largest agency banking network. The fintech controls 563,262 POS agents out of a total of 1.5 million agents in the country.

August 02, 2023