Opera Mini developer, Opera Software may acquire Telnet’s Paycom - Welcome To Ejitex News & Tech Portal

Welcome To Ejitex News & Tech Portal

Technology, Browsing Tips, Beauty Tips, Business/Economy, Crime, Education, Entertainment, Fashion, Food, Kitchen, News, Politics, Real Estate News, Relationship Advice, Sports, Tutorial, Video

Untitled

Post Top Ad

NOTE: This Website is owned by me (EJITEX) no third party, and this Website is sponsored by Google Adsense (GA).

CAUSION:This Website may contain (s) links that redirects to another website (s) that are not owned or controlled by Ejitex, Please be aware that we are not responsible for the privacy practices of such other websites or third-parties and please Don't forget to comment and share this post you are about to read to your social media accounts also share to your love ones on social media.

Opera Mini developer, Opera Software may acquire Telnet’s Paycom

Opera Mini developer, Opera Software may acquire Telnet’s Paycom

Share This

Telnet Nigeria Limited is reportedly near closing a deal to sell controlling stakes in its mobile money business subsidiary, Paycom, to Opera Software, maker of the popular internet browser Opera Mini.

There are reports that Opera has been in negotiation with Telnet on the acquisition of its mobile money platform and barring any last minute change, Telnet and Opera will formally sign an agreement.

What this means for Opera
This acquisition by Opera will help extend its mobile payment platform OPay(Opera Pay) into the Nigerian market after its launch in Kenya.

OPay allows a user to fund a wallet from various sources including mobile money, and funds in the wallet could be used for various types of payments.

The company aims to take advantage of the high penetration of mobile phones and Opera Mini’s market share to drive digital innovation on the continent.

Opera recently announced plans to invest $100 million over the next two years to facilitate the growth of African digital economy. The company will use the investment to speed up internet adoption in Africa and strengthen the internet ecosystem with local partners.

Paycom Nigeria Limited a subsidiary of Telnet was granted license by the Central Bank of Nigeria CBN in 2011 to operate in the mobile payment sector. Recall that the apex bank in its bid to drive financial inclusion granted license to 21 mobile money operators across the country.

Opera Software AS is a Norwegian software company, primarily known for its desktop opera web browser, and mobile web browser Opera Mini. It recently launched Opera News, a new AI-powered app which enables people to access their favorite news articles and hottest trending videos.

1 comment:

  1. Some genuinely nice and useful information on this website, likewise I think the style contains good features.

    ReplyDelete

Post Button Ad

EJITEX will soon be among where people around the world will be downloading music online. To Know More About EJITEX Check On Our Contact Us, About Us, Privacy Policy and Terms and Conditions also to Subscribe to receive our newsletter screw down Enter your email address and click Subscribe.