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), a flagship event that convened global thought leaders, regulators, and industry stakeholders to strategize on accelerating financial inclusion across Africa and beyond.

The award reinforces OPay’s compliance with regulatory standards and its pivotal role in advancing Nigeria’s financial inclusion goals, aligning with the CBN’s mission to achieve a 95% financial inclusion rate by 2024. Through close collaboration with the CBN and other regulatory bodies, OPay has delivered secure, innovative, and accessible digital financial services to millions of Nigerians, overcoming barriers that have long hindered inclusion efforts.

The award selection process was a comprehensive one which assessed key metrics such as 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 a competitive pool of financial industry players for its exemplary performance in delivering secure, accessible, and innovative financial solutions.