Opera Limited has announced a significant achievement for its digital wallet, MiniPay, which has now reached 10 million activated wallets and facilitated over 270 million transactions since its launch two years ago. With a strong emphasis on making digital dollars more accessible and user-friendly, MiniPay’s growth is underscored by a remarkable 500% year-over-year increase in user activation.
This non-custodial stablecoin wallet has gained traction in 60 countries and operates seamlessly on Android, iOS, and the Opera Mini browser. Users benefit from instantaneous transfers, typically settling within one second at a remarkably low cost of approximately $0.001 per transaction. This level of efficiency starkly contrasts with traditional banking rails, which often impose lengthy wait times and high withdrawal fees.
One distinguishing feature of MiniPay is its ability to handle small-value transactions efficiently. A staggering 87% of all peer-to-peer transfers between users are under $5, illustrating a strong demand for quick and inexpensive transactions for everyday needs such as bill payments, remittances, and micropurchases. The platform’s Mini Apps ecosystem further enhances its utility, allowing users to engage in various financial activities without leaving the wallet interface. Monthly interactions with these Mini Apps have reached 16 million, contributing to an average of 19 million transactions per month.
The platform’s geographical reach has expanded significantly, with notable annual growth in countries like South Africa (860%), Ghana (357%), and Kenya (177%). Developed markets have also seen a surge, particularly in the United States, where activations grew 23-fold in the past year.
Rene Reinsberg, co-founder of Celo, emphasized MiniPay’s role in demonstrating practical, low-cost finance on a global scale. This alignment with Celo’s vision has enabled microtransactions to become realistic, integrating stablecoin usage into users’ daily lives.
Looking ahead, MiniPay aims to bridge the gap between cryptocurrency and traditional finance by pursuing partnerships for bank integrations in the U.S. and the EU. This will facilitate the straightforward conversion of currencies like USD and EUR and allow users to conduct transactions directly from their MiniPay balances online.
MiniPay continues to focus on enhancing the accessibility and utility of digital dollars, striving to cater to a diverse user base—from those making modest mobile top-ups to families sending remittances. As the application matures, it aims to accelerate the adoption of Web3 technologies by making digital finance available to more individuals globally.
