Integration gives global subscription businesses, from streaming to SaaS, a direct way to reach 40 million monthly active OPay users
CURITIBA, BRAZIL and LAGOS, NIGERIA – Media OutReach Newswire – 23 October 2026 — EBANX today becomes the first global payments company to go live with OPay Direct Debit, a new solution for recurring transactions within the digital wallet of OPay, the leading digital bank in Nigeria. By offering this payment option at checkout through EBANX, global subscription businesses can now reach OPay's 40 million monthly active users, representing one in three adults in the country.
EBANX is the first global payments company to launch recurring payments through OPay in Nigeria
"With one of the continent's highest mobile penetration rates and a young, fast-growing population, Nigeria is expected to remain Africa's largest and most strategic digital market over the next decade," said Eduardo de Abreu, Chief Product Officer (CPO) of EBANX. "Being the first global payments company to go live with recurring payments through OPay is a testament to the access EBANX has built in emerging markets."
Nigeria is Africa's largest e-commerce market, valued at USD 30 billion, according to World Data Lab (WDL) data analyzed by EBANX, and is expected to grow further, with the country projected to add 32 million new consumers to the consumer class by 2036.
In Nigeria, credit card ownership stands at just 5% among adults, while mobile phone penetration reaches 84%, according to the World Bank. "This difference creates a significant opportunity for global merchants to expand recurring payment coverage beyond traditional card-on-file models," stated Abreu.
According to WDL, 95% of all online spend in Nigeria already comes from consumers without a credit card, a share expected to remain nearly unchanged for the next 10 years.
Digital wallets and bank transfers are Nigerians' preferred way to pay, together accounting for 65% of the country's e-commerce volume, according to Payment and Commerce Market Intelligence (PCMI) data analyzed by EBANX.
OPay lets Nigerian consumers make purchases through its digital wallet and bank transfers, as well as set up recurring payments. For these transactions, users make a one-time authorization directly in the app, enabling global merchants to collect future subscription charges without requiring customers to be present or re-enter payment details for every transaction.
"Our partnership with EBANX isn't just processing transactions; it's shaping the future of digital payments across the region," said Elizabeth Wang, Chief Commercial Officer, OPay. "This will give Nigerians an easy, fast and convenient way to pay for the global digital services they love, from streaming platforms to online tools. With OPay Direct Debit, customers can enjoy a simple payment experience while staying in control of their subscriptions," added Wang.
Scaling subscriptions in Africa and beyond
The announcement follows a similar EBANX initiative in South Africa, where Canva became the first international company to offer recurring payments through Capitec Pay's account-to-account solution. With the integration, the SaaS merchant expanded subscription access for South African consumers via their bank accounts. EBANX's integration of OPay Direct Debit extends this same alternative recurring strategy to Nigeria.
"Nigeria is the latest proof point on how EBANX scales operationally across emerging markets, not by replicating a single playbook, but by building the right integration for each local market," said Marin Mignot, Chief Operating Officer (COO) of EBANX.
"The gap between how people actually pay and the payment methods merchants have historically supported is exactly where we see the most room to grow, and OPay Direct Debit is one more example of building that bridge for global merchants," noted Mignot.
The launches in Nigeria and South Africa are also part of a broader global push. Including these two countries, EBANX offers recurring alternative payment solutions in 13 emerging markets across Asia, Africa, and Latin America, enabling global merchants to potentially reach more than 1 billion consumers* who rely on local payment methods such as digital wallets and account-to-account transfers.
*1.116 billion people use alternative payment methods (APMs) across the following 13 emerging markets, based on data from the operators of the most used APMs in each country and Statista: Nigeria (OPay), South Africa (Capitec Pay),Brazil (Pix), India (UPI), Colombia (Nequi), Peru (Yape), the Philippines (GCash), Indonesia (DANA), Malaysia (TrueMoney), Mexico, Chile, Argentina, and Uruguay (Mercado Pago).
Hashtag: #EBANX #OPay #Fintech #Payments #Africa #Nigeria
The issuer is solely responsible for the content of this announcement.
ABOUT EBANX
EBANX is the leading technology company connecting global businesses to the world's fastest-growing digital markets. Founded in 2012 in Brazil, EBANX was built with a mission to expand access to international digital commerce. Leveraging proprietary technology, deep market expertise, and robust infrastructure, the platform enables global businesses to offer hundreds of local payment methods and streamline cross-border payments across Latin America, Africa, and Asia. With a global footprint, it established a technology and regulatory headquarters in Singapore in 2026. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and end users alike.
For further information, please visit:
Website: https://www.ebanx.com/en/
LinkedIn: https://www.linkedin.com/company/ebanx
ABOUT OPAY
Launched in Nigeria in 2018, OPay is a leading digital bank serving tens of millions of consumers and millions of businesses. OPay connects people outside the traditional banking system to payments, transfers, savings, and smart business solutions that make everyday financial transactions simpler, safer, and more accessible. OPay aspires to serve billions of users and millions of merchants worldwide in the coming decades, while generating both jobs and economic opportunity.
For further information, please visit:
Website: https://www.opay.ltd/
LinkedIn: https://www.linkedin.com/company/opay/
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- New report sets out a method the industry can use to put a financial value on climate resilience
- The Westbund Central case study shows that its resilience measures are expected to keep storm-surge and rainfall-flood losses in 2050 below the losses an unprotected building would face today
HONG KONG SAR – Media OutReach Newswire – 23 October 2026 – Hongkong Land Holdings Limited ("Hongkong Land") today published Building Value That Lasts: Quantifying the Return on Climate Resilience in Real Estate. The report developed with Marsh puts a financial value on designing buildings for a changing climate. Its case study is Westbund Central, Hongkong Land's mixed-use waterfront development of approximately 1.7 million sq. m. on Shanghai's Huangpu River.
(From left to right) From left: Michael Long, Head of Group Sustainability, Hongkong Land; Stuart Grant, Chief Executive of Westbund Central, Hongkong Land; Swenja Surminski, Managing Director of Climate and Sustainability, Marsh; and Michael Li, Chairman and President, Marsh Risk China.
The report finds that the development's resilience measures cut expected storm-surge losses by 84% and rainfall-flood losses by 88% under today's conditions. Westbund Central's resilience measures are expected to keep storm-surge and rainfall-flood losses in 2050 below the losses an unprotected building would face today.
Closing the resilience valuation gap
Climate risk now shapes how real estate is assessed, financed and insured. Almost every climate related disclosure acknowledges the need for adaptation, yet fewer than one in ten puts a number on it. Hongkong Land and Marsh set out to close that gap together by treating resilience as an investment with a measurable return, not a cost to be absorbed.
Resilience pays, and the reductions are large
Working with global leading insurance broker and risk advisor Marsh, Hongkong Land modelled the average annual loss (AAL) at Westbund Central from storm surge, rainfall flooding and wind. AAL is the expected yearly cost of physical damage. The modelling compared climate risks today and in 2050 for buildings with and without resilience measures beyond those required by building codes. It assumed a future in which global greenhouse-gas emissions remain high.
Without the development's enhanced resilience measures, expected storm-surge losses would more than double and wind losses would more than triple by 2050. The measures reduce expected losses as follows:
- storm-surge losses fall by 84%, both today and in 2050
- rainfall-flood losses fall by 88% today and 79% in 2050
- wind losses fall by 36% today and 31% in 2050
Built for the climate of 2050
Westbund Central was engineered for projected climate conditions in 2050, rather than historical conditions. These measures significantly reduce the impact of increasing climate risk:
- Storm surge: with Westbund Central's resilience measures in place, average annual losses in 2050 are projected at 0.12%, compared with 0.38% for a building without these measures today.
- Rainfall flooding: with the resilience measures in place, average annual losses in 2050 are projected at 0.05%, compared with 0.19% for a building without these measures today.
Insurers are raising premiums, tightening terms and withdrawing cover from exposed locations. In that market, a lower and more stable loss profile matters.
Westbund Centrals resilience features include:
- 23% more drainage capacity, protecting against a 1-in-100-year rainfall event
- Grade 1 waterproofed basements and the elevation of critical equipment
- A "Sponge City" network of more than 12 features designed to capture and store stormwater, with capacity exceeding 2,000 m³
The figures are conservative. They count physical damage only and exclude extreme heat, the fastest-growing hazard at the site, which the development manages through design and operations.
Michael T. Smith, Group Chief Executive of Hongkong Land, said: "Climate change is a significant force reshaping real estate. At Westbund Central, climate resilience is core to all that we do because we believe resilience and commercial performance reinforce each other. This report shows the return on that investment can be measured today, with tools that already exist. The industry no longer has any excuse not to."
Stuart Grant, Chief Executive of Westbund Central, said: "A premium destination is a seamless one. Much of the resilience work at Westbund Central is deliberately invisible to the tenants and visitors who use it every day. Its value shows in the disruption that never reaches them. Keeping the precinct open, comfortable and trading regardless of weather conditions is how resilience facilitates commercial performance."
Michael Li, Chairman and President of Marsh Risk China, said: "Climate risk is now a balance-sheet risk. Westbund Central shows that adaptation pays back through lower loss exposure and stronger access to capital. As a risk orchestrator, Marsh matches protection needs to capital flows, helping clients quantify resilience and close the valuation gap."
A method for the industry
The report is offered as a method others can apply, not just as an account of one development. It traces how climate risk can be assessed from site selection through to operations and linked to financial outcomes. It calls on the industry to:
- quantify early, at site selection and design, when action is most cost-effective
- bring insurers and lenders in from the start
- build a shared standard so resilience can be benchmarked across assets, as carbon already is
For further details, please see the full report which is available for download [here].
Hashtag: #HongkongLand
The issuer is solely responsible for the content of this announcement.
Westbund Central
Hongkong Land's Westbund Central is the Group's largest-ever single investment. Scheduled to complete in phases up until 2028, it is an US$8 billion development encompassing approximately more than 1.7 million sq. m. of prime mixed-use property strategically located at Shanghai's Xuhui Waterfront. It is a flagship development of Hongkong Land's prime commercial properties' CENTRAL Series. The ultra-premium integrated commercial property includes 240,000 sq. m of retail space, 650,000 sq. m. of premium Grade A offices, 160,000 sq. m. of high-end waterfront luxury residences, two hotels (55,000 sq. m.) and over 50,000 sq. m. of cultural and art venues.
Hongkong Land
Hongkong Land is a major listed property development, investment and management group. It focuses on developing, owning and managing premium and ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. With over US$50 billion in assets under management, Hongkong Land's ultra-premium mixed-use real estate footprint spans over 1.97 million sq. m. lettable area in operation and 1.43 million sq. m. lettable area under development, with flagship mixed-use projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world's foremost companies and luxury brands. Established in 1889, Hongkong Land takes a long-term view, investing significantly alongside its capital partners and concentrating its portfolio where it can create the most value for tenants, customers and investors. Hongkong Land Holdings Limited has a primary listing on the London Stock Exchange, with secondary listings in Singapore and Bermuda. Hongkong Land is a member of the Jardine Matheson Group.
Marsh
Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.
** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **
