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2 clusters · 5 sources · 24 days · First seen · Last updated

OPay operations and recognition in Nigeria

Overview

OPay has reached its eighth year of operations in Nigeria since entering the market in 2018 through the acquisition of Paycom. The fintech company has expanded its services from basic digital payments to include merchant services, savings, cards, and security solutions, operating under a National Microfinance Bank licence.

In October 2026, the company received recognition at the 14th BusinessDay Banks and Other Financial Institutions (BAFI) Awards, winning titles for ‘Digital Bank of the Year’ and ‘Financial Inclusion Leader of the Year’. OPay reported serving tens of millions of users and over one million merchants through various channels, including mobile applications, USSD, and agency banking.

Entities

OPay · Nigeria · Central Bank of Nigeria · Paycom · Dotun Adekunle

Timeline

  1. [BUSINESS] 3 sources
    OPay wins Digital Bank and Financial Inclusion awards at BAFI 2026

    OPay has been named Digital Bank of the Year and Financial Inclusion Leader of the Year at the 2026 BAFI Awards in Lagos, Nigeria, recognizing its impact on digital financial access.

  2. [BUSINESS] 4 sources
    OPay marks eight years of financial services in Nigeria

    Fintech firm OPay marks eight years of operations in Nigeria, highlighting its expansion from digital transfers to comprehensive financial services like savings and merchant solutions.

Sources

brandspurng.com · businessday.ng · businesselitesafrica.com · premiumtimesng.com · thisdaylive.com