OPay Launches 49-Day Savings Festival in Nigeria

OPay has launched the 49-day 7 Savings Festival, a nationwide campaign aimed at enhancing Nigeria's savings culture. The initiative, powered by OWealth, runs from August 10 to September 27, 2026, offering eligible participants an interest rate of 27 percent per annum, daily interest, and access to a N77 million additional interest pool.

Customers can create Target Savings plans ranging from N77,000 to N777,000 to save towards specific financial goals. To qualify for the 27 percent annual interest and a share of the additional interest pool, customers must maintain their savings until their target is met without early withdrawals.

Elizabeth Wang, Chief Commercial Officer at OPay, stated that the initiative aims to help Nigerians develop stronger financial habits. The campaign is part of OPay's broader strategy to promote financial well-being and resilience among households and small businesses in the face of rising living costs.

Final interest earnings and distributions from the additional interest pool are scheduled for September 27, 2026.