# OPay operations and recognition in Nigeria

> Live situation record from CLSTR: https://clstr.news/situations/opay-operations-and-recognition-in-nigeria
> Updated: 2026-10-15T06:54:33.000Z. Sources: 5. Developments: 2.

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.

## Timeline

### 2026-10-15: 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.

3 sources. https://clstr.news/cluster/opay-wins-digital-bank-and-financial-inclusion-awards-at-bafi-2026

### 2026-09-22: 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.

4 sources. https://clstr.news/cluster/opay-marks-eight-years-of-financial-services-in-nigeria

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Cite as: OPay operations and recognition in Nigeria. CLSTR, https://clstr.news/situations/opay-operations-and-recognition-in-nigeria