OPay, Nigeria’s leading financial institution has been recognized with the prestigious IFIC Award for Financial Inclusion Innovation by the Central Bank of Nigeria (CBN).
This award was presented at the 2024 International Financial Inclusion Conference (IFIC).
About FIC
FIC is a flagship event that brings together global thought leaders, regulators, and industry stakeholders. to strategize on accelerating financial inclusion across Africa and beyond.
The 2024 IFIC Conference provided a platform to address pressing issues in Nigeria’s financial inclusion landscape, including ;
- expanding access to financial services,
- enhancing digital literacy, and
- strengthening collaboration between regulators and private sector players like OPay.
The Award
The award celebratedsOpay for its exemplary performance in delivering secure, accessible, and innovative financial solutions.
It also reinforces OPay’s compliance with regulatory standards and its pivotal role in advancing Nigeria’s financial inclusion goal .
This award also highlights the significance of public-private partnerships in building a secure, innovative, and inclusive financial ecosystem for sustainable economic growth.
To pick a winner, thecomprehensive selection process assessed key metrics including;
- regulatory adherence,
- technological innovation,
- customer impact, and
- contributions to advancing the CBN’s financial inclusion goals.
OPay emerged as the winner of the Financial Inclusion Innovation Award, standing out among many competitors and financial industry players
Speaking about the Award, Dauda Gotring, CEO of OPay, said
“This recognition by the CBN highlights OPay’s dedication to providing innovative, compliant, and inclusive financial solutions,”
As Nigeria inches closer to the CBN’s mission to achieve a 95% financial inclusion rate by 2024,
OPay remains steadfast in its commitment to leveraging technology within the framework of regulatory compliance.
About OPay
OPay was established in Nigeria in 2018 as a financial institution with the mission to make financial services more inclusive through technology.
Among its wide range of payment services, are ; money transfer, bill payment, airtime & data purchase, card service, and merchant payments.
Renowned for its super-fast experience and reliable network, OPay is licensed by the CBN and insured by the NDIC with the same insurance coverage as commercial banks..
