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Optasia, formerly Channel VAS, leads Nigeria’s digital lending through airtime advances and nano-loansNigeria’s digital credit ecosystem faces reforms aimed at increasing local fintech competition and reducing monopolistic dominanceNew regulations could enhance consumer protections and lower lending costs for millions relying on instant credit services
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
For more than a decade, millions of Nigerians relied on emergency airtime and data loans to stay connected.
Behind many of those instant credit services was Optasia, a South African technology company that quietly became one of the most influential players in Nigeria’s digital lending ecosystem.
Nigeria moves to deregulate the airtime and data credit system. Credit: NovatisSource: Getty Images
Formerly known as Channel VAS, Optasia built the technology powering airtime advances and nano-loans offered through major telecom operators such as MTN and Airtel.
Through products like MTN XtraTime, the company
