OPay Wins Prestigious IFIC Award for Financial Inclusion Innovation.
The Central Bank of Nigeria (CBN) has honored OPay, Nigeria’s leading financial institution, with the prestigious IFIC Award for Financial Inclusion Innovation.
The CBN presented this award at the 2024 International Financial Inclusion Conference (IFIC), recognizing OPay’s outstanding contributions to financial inclusion.
A flagship event that brought together global thought leaders, regulators, and industry stakeholders.
This is to strategize on accelerating financial inclusion across Africa and beyond.
Opay: Achieving Nigeria’s Financial Inclusion Goals.
The award reinforces OPay’s compliance with regulatory standards.
And also 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.
IFIC :A Comprehensive Award Selection Process.
The award selection process was a comprehensive one.
Assessing 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.
OPay’s Success Built on Security and Regulatory Alignment.
At the core of OPay’s success is its unwavering commitment to security and regulatory alignment.
Its robust platform ensures safe transactions, fostering trust and confidence among users.
Dauda Gotring, CEO of OPay,said;
“This recognition by the CBN highlights OPay’s dedication to providing innovative, compliant, and inclusive financial solutions.”
The 2024 IFIC Conference: A Platform for Financial Inclusion.
The 2024 IFIC Conference provided a platform to address pressing issues in Nigeria’s financial inclusion landscape, including expanding access to financial services.
Thus enhancing digital literacy, and strengthening collaboration between regulators and private sector players like OPay.
OPay’s Commitment to Leveraging Technology for Financial Inclusion.
As Nigeria moves closer to its financial inclusion target, OPay remains steadfast in its commitment to leveraging technology within the framework of regulatory compliance.
This award not only celebrates OPay’s contributions but also reinforces the significance of public-private partnerships in building a secure, innovative, and inclusive financial ecosystem that drives sustainable economic growth.
About OPay.
OPay was established in 2018 as a leading financial institution in Nigeria with the mission to make financial services more inclusive through technology.
The company offers a wide range of payment services, including
money transfer, bill payment, airtime & data purchase, card service, and merchant payments, among others.
Renowned for its super-fast experience and reliable network.
The Central Bank of Nigeria (CBN) licenses OPay.
while the Nigeria Deposit Insurance Corporation (NDIC) insures it with the same insurance coverage as commercial banks.
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