OPay Advances Financial Inclusion for Nigerians in 2026

OPay is significantly contributing to financial inclusion in Nigeria by offering digital financial services such as money transfers, mobile payments, bill payments, savings, debit cards, and merchant services since its inception in Nigeria in 2018. The 2026 Access to Financial Services in Nigeria survey by Enhancing Financial Innovation and Access (EFInA) revealed that 79% of adults, approximately 94.2 million people, utilized a financial product or service.

Formal financial inclusion increased to 73% from 64% in 2023, while financial exclusion decreased from 26% to 21%. Despite this progress, EFInA found that three in four Nigerian adults are not financially healthy, with only 10% having access to formal credit and 5% covered by insurance.

OPay's platform allows users to complete transactions without visiting bank branches, which is beneficial for those far from banking facilities. The company reported that over 99% of transactions on its app were successfully completed on the first attempt in the first half of 2026.