OPay Boosts Nigeria's Financial Inclusion Target to 95% by 2028

OPay is playing a significant role in driving financial inclusion in Nigeria, targeting approximately 95% access by 2028 as part of the Central Bank of Nigeria's (CBN) Payment System Vision (PSV) 2028 framework. This framework aims to empower people, connect markets, and grow the economy by strengthening Nigeria's payment ecosystem and enhancing infrastructure.

OPay's contributions extend beyond transaction facilitation; they support innovation and create economic opportunities, thereby strengthening the broader financial ecosystem. The PSV 2028 framework identifies a robust payment infrastructure as critical for a modern economy, emphasizing seamless connections among banks and fintech companies.

OPay has helped ten million Nigerians gain easier access to formal financial services, enabling them to conduct various financial transactions digitally. The company's operational model focuses on addressing gaps in financial access, particularly in underserved areas, by combining digital technology with an extensive network of agents and merchants, significantly improving convenience and lowering barriers to financial access.