OPay, one of Nigeria’s leading financial technology companies, has been honored with the IFIC Award for Financial Inclusion Innovation by the Central Bank of Nigeria (CBN). The award was presented at the 2024 International Financial Inclusion Conference (IFIC), a landmark event bringing together global leaders, regulators, and stakeholders to drive financial inclusion across Africa and beyond.
The accolade highlights OPay’s vital role in advancing Nigeria’s financial inclusion objectives, with the CBN targeting a 95% financial inclusion rate by the end of 2024. Leveraging innovative technology and adhering to regulatory standards, OPay has significantly expanded access to secure and accessible financial services for millions of Nigerians.
The award selection process focused on criteria such as regulatory compliance, technological innovation, customer impact, and alignment with the CBN’s inclusion goals. OPay distinguished itself by delivering reliable and inclusive financial solutions.
Commenting on the recognition, Dauda Gotring, CEO of OPay, stated:
“This recognition by the CBN underscores OPay’s commitment to providing innovative, compliant, and inclusive financial solutions. We remain dedicated to driving financial inclusion through secure and accessible digital platforms.”
The 2024 IFIC Conference addressed pivotal topics, including expanding access to financial services, improving digital literacy, and fostering public-private collaboration. It underscored the importance of partnerships in building a secure, inclusive, and innovative financial ecosystem.
Since its inception in 2018, OPay has revolutionized Nigeria’s financial landscape by offering seamless services such as money transfers, bill payments, airtime and data purchases, and merchant transactions. Licensed by the CBN and insured by the NDIC, OPay has earned a reputation for its reliable and user-friendly digital solutions, reaching millions across the country.
This recognition reaffirms OPay’s leadership in driving financial inclusion and its pivotal role in shaping Nigeria’s financial ecosystem.
