Opera Acquires Nigeria's Paycom PiDO
I had noted in the past that Opera is evolving as a platform with capabilities to abstract away most internet services at the level of its browser. That is a solid business model, and that is exciting. My thinking is that Opera will increasingly make it easier for the bulk of its customer base to do more on its platform, thereby saving them more money in visiting the main Internet. Technically, your Internet can end in Opera because it will allow you do most things there.
With its plan of investing $100 million in Africa, mainly in South Africa, Kenya and Nigeria, Opera will unlock new levels of experiences and engagements for its users. Oh yes, the $100 million game has started: Opera has acquired Nigerian-based payment platform, Paycom PiDO, BusinessDay reports.
Opera Software has completed the acquisition of Nigerian-based payment platform, Paycom PiDO, sources very close to the matter told BusinessDay. Paycom PiDO, an arm of Paycom, is a platform that allows customers transfer money to both users and non-users from their mobile phones. It also allows users buy or send airtime anytime or anywhere.
If Opera efficiently integrates payment at the browser level, consider it a huge challenge to upcoming payment fintech companies. Why open another tab when the browser can conclude the payment?
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