Optasia Loses Ground in Nigeria as Airtime Lending Competition Heats Up

Optasia is losing ground in Nigeria’s airtime lending market as regulatory changes and rising competition reshape a business it once dominated. The fintech company’s Nigerian airtime credit operations were disrupted for about two months this year after mobile operators suspended airtime and data advances while adjusting to new lending regulations. The services eventually resumed across all operators on June 24, but the market Optasia returned to was no longer the same.