World Economic Forum has recognized OPay for its pioneering role in bringing finance to Nigeria

The World Economic Forum (WEF) recently highlighted OPay, a mobile banking organization, in a comprehensive report titled “Here’s why Africa leads the world in digital banking digital and mobile”. Recognizing the central role OPay plays in promoting financial inclusion in Nigeria, WEF highlights the transformative impact of digital banking services across the continent.

The report highlights the significant progress Africa has made in digital banking, highlighting how regions have rapidly adopted mobile banking, facilitating access to financial services for customers. Millions of people have never used banking services before.

He credits OPay and similar services as key to expanding banking services to individuals without relying on traditional bank branches. The report specifically highlights OPay’s expansion beyond Nigeria, thus marking its influence in other growing markets.

In response to this recognition, OPay released a statement expressing pride in its contributions to financial inclusion. The mobile payments platform has achieved success through continuous innovation and customer-centric services, which have democratized access to essential financial services such as money transfers, bill payments applications, timed purchases and commercial transactions for millions of users across Nigeria.

OPay emphasized its commitment to bridging the financial access gap, especially in rural and underserved areas, which often lack conventional banking infrastructure. The company highlighted its licensing and regulation by the Central Bank of Nigeria as well as insurance by the Nigeria Deposit Insurance Corporation, reaffirming its commitment to compliance with regulatory standards while continuing to innovate in the sector.

This recognition from the World Economic Forum demonstrates OPay’s pivotal role in promoting financial inclusion in Nigeria and reflects its commitment to empowering underserved communities. through innovative and accessible financial services.