It has been confirmed that Zhou Yahui, a Chinese tech billionaire, is the owner of OPay Bank in Nigeria. Zhou, who is also the chairman of Opera Software and founder of Kunlun Tech Co. Ltd, controls the mobile money platform dominating Nigeria’s fintech space.
This revelation has sparked reactions among Nigerians, with many expressing shock over foreign ownership of such a widely used platform.
“No wonder things dey always look one kind,” a social media user reacted.
Despite being branded as a local financial solution, OPay is fully backed by foreign capital, raising fresh questions about digital colonialism and control of Africa’s financial data.
